This is a monthly contribution to the PhinneyWood Blog by Greenwood realtor Doron Weisbarth
The real estate market in our PhinneyWood neighborhood continues to behave in a surprisingly normal and balanced way, despite all the turmoil around the world.
Compared to last year, weโve seen a large increase in new listings, more homes available for sale, and stronger market activity, with more homes and condos selling than a year ago. Yet despite all these shifting forces, prices have remained remarkably steady over the past year.
You can find all the latest data and the full analysis onlineโgo to PhinneyWoodHomes.com.
It seems that supply and demand are largely balancing each other out. Buyers have more choices than during the tight-inventory years, but demand remains strong enough to absorb much of the additional inventory.
Overall the marketโs behavior this year has remained very consistent with the familiar seasonal patterns weโve seen in past years โ even if the actual numbers have shifted upward. For now, the PhinneyWood market seems stubbornly committed to behaving normally.
If youโre considering buying or selling this year, understanding how these changing conditions affect your opportunities can make a meaningful difference. For a no-obligation consultation and a smart plan tailored to your goals, call Doron at 206-779-9808.