Narrowing Listing and Sales Gap

With exams approaching for local Greenwich High School students, summer youth activities commencing, summer rentals commencing and recent college graduations, this time of year is busy for many. There are 75 Open Houses on Sunday. Open House Report for June 12, 2016. (click link)

While significant numbers of new listings continue to hit the market, we are passing through the traditional peak season for new listings. To be sure there is some value to waiting to see what else might come online, but please know that the best buys are being absorbed quickly. 2016 brought

inventory online sooner than 2015, resulting in a steeper rise in new listings early in the season, perhaps the result of favorable weather. The heavier supply may have dampened demand as choices have been abundant, but take note, the gap between new listings and sales is narrowing.

Personal Note

I am off to the races (USRowing Youth National Championships) Tomorrow I will be touring Open Houses. Hope to see you out and about. I will look forward to speaking with you!

Warmly,
Mary-Stuart G Freydberg
20 years professional real estate advice
Mary Stuart G Freydberg, Sotheby's International Realty
SIR Web Signature Block

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