Happy July! I hope you've enjoyed some time off to celebrate our country, family and friends. As always, I appreciate you supporting my business and I am happy to assist any friends or family that may be looking to BE MOVED!

How's The Market?

2023 Second Quarter Real Estate Insights

• The Seller's market continues for homes priced under $350,000 where there is less than two months of inventory. There are five months of inventory in homes priced over $350,000. The market is considered balanced when there are four to six months of inventory. 

• Inflation is slowing and mortgage rates remain in the mid 6% range. The Mortgage Bankers Association is predicting that rates will fall over the next 2 years.

• This is the first year-over-year percentage decline in residential construction costs since late 2020. This is good news if you are looking to build!

• The average sales price is up 3.17% compared to 2022. So, if you’re thinking of selling, now is the time! There are plenty of buyers looking to get out of rentals and into home ownership!

   

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My Green Thumb

Our garden is growing and gorgeous! Check out this gigantic kohlrabi! The word kohlrabi is German for "cabbage turnip".  Kohlrabi is not a root vegetable, it is a brassica like cabbage, broccoli and cauliflower, it grows above ground not below. It can be eaten raw but my favorite way to use kohlrabi is to dice, freeze and use in homemade soup in place of potatoes. 

Featured Listings

658 & 660 2nd St NW Valley City $150,000	1715 6th St S Fargo $339,900	26156 40th Ave S Hawley $699,000

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This newsletter is for informational purposes only and should not be substituted for legal or financial advice. If you are working with another REALTOR®, this is not a solicitation.