The Sea Shore Team of
Long and Foster Real Estate Market Report:
It’s been an interesting and historic week for the real estate industry. As states and businesses open, a few trends have emerged.
Mortgage Rates. This week, rates dipped below 3% for the first time ever, allowing buyers to get more home for their money.
“Spring” Market. In real estate, the busy spring market traditionally occurs in April and May, and it has shifted to June and July. Upward positive trends continue, fueled by pent-up demand and the dip in mortgage rates. Property showings were up by double-digits compared to the same time last year and many properties are going under contract with multiple offer situations due in part to the low inventory levels.
To stay updated on what’s happening with the Sea Shore Sale market, or for professional guidance through the process of Buying, Selling or Renting a home,
Please feel free to contact us via
phone 609 263-1431 or email SeaShoreTeam@LNF.com
As Always, The Sea Shore Team of Long and Foster,
is here to assist with any of your Real Estate needs, and most importantly,
Stay Healthy and Safe!
Kyle Fasy, Ian Ciseck, Nick Preuhs, Sandy Hennis Franulovic & Susan Hennis Giordano
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