Written By Travis Hecht
As we start July 2023, I wanted to take a moment to answer the age old question that REALTORS get on an almost daily basis! How is the real estate market? This is a loaded question for most Agents as the market is very segmented into prices, home size, and other factors. Generally speaking the market remains strong in most segments, but cools as prices go above $450,000. We still see the most market ready homes going on and selling quickly, however the average days on market overall has grown.
Inventory is up slightly, but down compared to historical Flint Hills area home inventory by about 50%. Typically we see Pre-Covid numbers of 450-550 homes on average on the market and currently we are under 300 homes on the market, but up from 2021 and 2022 numbers. Because interest rates have doubled since that same time, homes under contract have also dropped with the year over year amount of homes under contract down about 22%. This means the buyer pool for certain price points has declined, while other price points are stronger.
Now more than ever is a great time to reach out the a Coldwell Banker Real Estate Advisor team member and discuss your buying or selling strategy. No one monitors the economics of the real estate market like we do. Enjoy your Fourth of July celebration and remember the reason for the celebration. Oh, and if you are in the Flint Hills for the 4th of July, make your way to Boomtown USA, Wamego, Kansas for the best fireworks display in the State of Kansas!
Look for us at the Boomtown USA parade in Wamego, KS this year! We will be walking and handing out goodies! The Boomtown USA firework show was named the BEST in Kansas, so it's not something you want to miss. Make sure you get there with plenty of time to find parking and walk to your "landing spot." We hope to see you there!!
Our agents dropped by Happy Hippie for lunch earlier this month and absolutely loved it! We definitely understand the buzz! They are the perfect addition to Manhappiness! Our coupon never expires so make sure you go in to redeem it and welcome them to the Little Apple!
For more, make sure to head to our Facebook page.
Everyone always dreads that initial electric bill going into Summer, but it doesn't have to be that way. There are many things you can do to prepare your A/C for the Summer heat like cleaning ducts, upgrading systems, maintenance you've been putting on... the list goes on and on. Okay so you've done the upgrades, you've done you're cleaning, but your bill is still higher than you want. Here are some tips that may help you obtain/maintain that low electricity bill:
This month we are partnering with the beloved Manhattan Brewing Company! Take your dog down to the patio and get yourself a FREE water bottle when you purchase a 4-pack or Growler.
If you did not receive a coupon and want one, please give us a call at 785-776-1100.