1
Competition is Driving Faster Sales and
Higher Prices
The tight inventory of homes for sale right now is being
met with a large swathe of eager buyers. And that’s a
recipe for rising prices and bidding wars.
Median home list prices were up 10% in July locally
and 3% year-over-year. That’s the fastest growth in
listing prices since January 2018. Low-interest rates
allow prices to rise more quickly.
Over two-thirds of the homes sold in July were on the
market for less than a month, the National Association
of Realtors reported. “That quick-decision environment
������������������������������������������������������������������������������������������������������������
are new to the process,” reported a chief economist at
Realtor.com.
The good news is that high prices might coax some
sellers into the market. More inventory on the market
would keep prices and competition in check.
Have you considered selling your home? Inventory
is low and moving quickly when working with an
experienced Howard Hanna Sales Associate. Need
more information or the opportunity to match one of
�������� �������������� ������ ���������� ���������������� ������������������������ �������� ����������������
Give us a call 304.594.0115 or meet our agents on
our website morgantownrealestate.com.
ONE EXCHANGE, INFINITE POTENTIAL
Barbara L. Alexander
ABR, ABRM, GRI
Broker/Owner
- Homes of Distinction Specialist
- 2000 WVAR State President
- 2003 Region 3 RVP for NAR
- 2017 MBR Outstanding Achievement
Award of Lifetime Dedication to the
Community and Real Estate Profession
- 2019 MBOR President’s Award
- 2019 Best of Morgantown Real Estate
Company
Sincerely,
Barbara L. Alexander, Broker/Owner
balexander@howardhanna.com
304.594.0115
1.800.MOVE.2WV
/Realtor.com
/morgantownrealestate.com
link
/Realtor.com
/morgantownrealestate.com
link
