Posts tagged team skally advantage
Understanding Today’s Market: National Noise vs. Local Reality

Lately, headlines have been filled with negative news about the housing market. While it’s true that several macroeconomic factors are shaping the national conversation, it’s the micro factors that truly define what’s happening at the local level.

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Team Skally's Market Minute | 🏡 Housing Market Balance – What It Means for You

Over the past several months, we’ve been forecasting a notable shift in the housing market—and in June, that shift became official. The Eastside market has transitioned from a seller’s market to a balanced market, where neither buyers nor sellers have a clear upper hand.

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Team Skally | Market Update

While listings increased 17% over last year, persistent demand outpaced inventory. There was just 1.1 months of inventory on average throughout 2024, down 14% versus last year. The lack of inventory and moderating interest rates led to the median sold price on the Eastside being up to $1.59M or +12% vs. last year.

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