market update - High Performance Real Estate Advisors

Come See Us at Sports Connection on Oct. 14!

Make sure you can come to our latest event at Sports Connection!

For the first time in two years, my team is going to host a client-appreciation event at Sports Connection again! We used to do it before the pandemic, and now we’re bringing it back on October 14. If you’ve never been to one of these events, you have to see them to believe how cool they are. Today I’ll take you through a quick tour of Sports Connection so you can get an idea of what’s in store. 

“Laser tag is the highlight of the night.

If you check out 0:52 in the video, you can see the arcade section. Beyond a ton of colorful games is a rope and obstacle course if that’s more your speed. After I get my fill of this section, I like to relax by bowling a game or two at the alley. 

However, I like to save my energy for what I consider to be the main event: laser tag. You can check out the arena at 1:38 in the video. Laser tag is for the end of the night, in my opinion. That way, you don’t have to worry about getting all sweaty by running around and then go back to the event. 

If laser tag isn’t your thing, don’t worry. Sports Connection also has a rock climbing wall, a bumper car area, basketball games, and much more. They even have an area specifically for younger children, so you can bring your kids! 

You won’t want to miss this event. Come see us at Sports Connection on October 14 from 6 p.m. to 9:30 p.m. We look forward to seeing you there!

An Update on Our Shifting Housing Market

Here’s what buyers and sellers need to know about our market.

Do you know what’s happening in our housing market? Things are shifting, but how? What do recent changes mean for buyers and sellers? Today I’ll share the latest numbers and answer these questions. 

Three factors determine whether we’re in a buyer’s or seller’s market: median sales price, number of showings, and the average days on market. In 2021, the median sales price in our area was about $270,000. Just a short while ago, our median sales price peaked at $370,000. However, prices have recently begun to trend down. 

“Buyers and sellers both have options in this market.

I believe that prices will continue to fall, and it’s because of our showings. The average listing had 14 showings in February; in July, that number was 7. Not only that, but our months’ supply of homes went from 1.9 in February to 2.7 in July. So prices are going down, inventory is going up, and showings are down. 

What does this mean for you? It looks like our market has peaked. If you are thinking about selling, you need to list your home as soon as possible. The longer you wait, the less money you’ll receive. Meanwhile, buyers have a lot more options now than in recent years. It could finally be the time to find your dream home.

If you have questions about this topic or anything else, please call or email me. I am always willing to help!