Steven D. Timm

Ok, Happy Thursday!

Just wanted to shift a bit and go over the price reductions we are seeing in some markets....

As the graphic shows, we are just below 2025 numbers for price reductions. Price reductions sometimes come in where there is strong buyer influence in the market. I am noticing some dips in the market regionally as well as locally. I caution buyers or sellers to take much stock in that data though, as that data does not reflect the larger market or market trends.

We are just getting into the busy summer market and I do think we will see an uptick in price reductions, especially if the market remains in the buyers favor. I do think the economy will remain strong for the time being and we will see rates either stay relatively the same or increase in the near future.

Sellers should be open to negotiations with interested buyers and be flexible during the negotiation phase of the deal. Of course, you do not want to give the farm away in negotiation, but you also do not want to de-incentivise an interested buyer either.

Any questions? Let's chat and connect! 😁🏠🏠

Hello all and Happy Monday!

Rates have remained stable as of late. We have not seen the big ups and downs in the rate market. New listing inventory is up, while the price reductions have dipped a bit. Pending sales went up, even with the application index down.

The economy is staying strong and this is good for confidence, but not for rates. I am recommending my buyers to not wait out the market for the rates to drop, and to focus more on clarity, instead of timing.

How are you seeing the market right now and what are your thoughts on the market, timing, rates, etc?

Questions? Let's connect! 😁😁💲🏠

Good morning and Happy Thursday!

Wanted to share some of my thoughts on the state of the market as it concerns the changing buyers market...

The number of homes for sale just fell below last year’s levels, with fewer new listings hitting the market at a key time.

Buyers are still active though and when demand holds while supply drops, it creates upward pressure on prices. This may not sound like a big deal, but even small price moves matter—just a 5% increase can add over $20K to a $400,000 home.

This isn’t about rushing—it’s about being ready in a market where waiting doesn’t always mean better options. Again, not saying the summer surge will not hit, but it is better to be prepared and ready to pull the trigger when waiting might backfire on you.

Let's chat and see where you are at and I would love to help you with a plan of action this season! 🏠💲😁

Happy Tuesday!

Ok, I wanted to mention how the single family inventory is affecting the market right now and recommend a decent approach to all of this....

Right now, we are seeing single family home inventory trending upwards in quantity and volume. We are just above 2025 levels at this point and inventory, especially as we hit the heavy summer market, will only be rising. This is to the advantage of the buyer, although I am seeing quite a few areas in my market at least, that actually have an inventory shortage and have created a mini sellers market that has been localized in that area.

If you are a seller that wants to list, I recommend you and your agent crunch the numbers and put together a plan of action that makes sense to the both of you. It is your agents job to help you reach your selling goal, whatever that may be. As I coach my buyers, you will want to prepare well in advance of the listing going live on the market. With increased inventory, buyers have the luxury of being a bit more picky on product offering than not.

Never fear though! You as a seller, can still win in this market. If you have questions, please reach out and I would love to chat and help you with figuring out if listing in this market is right for you! 😁🏠💲