Single-family home and condo sales soared in June, as more sellers listed their properties to capitalize on rising home values and the fast-paced market. Prospective buyers are continuing to take advantage of historically low interest rates in anticipation of a potential rise later this year.
Properties are selling in record time, and homebuyer demand shows no signs of slowing. Single-family homes are entering into contract in just over one week and condos in less than two weeks.
With two in three single-family homes and four in 10 condos sold for above the asking price in June, it's more important than ever for homebuyers and sellers to partner with a skilled agent who can help to navigate this highly competitive market.
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