1516 E Center Rd

Hi Christy & Mike,

There have been no significant updates to report over the past week. The vacant land market continues to move at a measured pace, with buyer activity and comparable market movement remaining limited. As we've seen over the past several weeks, many land listings are continuing to stay on the market for extended periods, so the current lack of activity is consistent with broader market conditions rather than unique to your property. We'll continue monitoring the market closely, keeping your property well-positioned and visible to potential buyers, and we'll let you know as soon as there are any meaningful changes in buyer activity, comparable sales, or new opportunities that could benefit your listing.

The latest economic data gives us a mix of encouraging and cautious signals. Inflation showed some positive movement in July, with consumer prices rising just 0.1% for the month and core inflation slowing to 2.5% annually. Wholesale inflation was also essentially flat, suggesting that overall price pressures may be easing. This is encouraging for the housing market because cooler inflation could give the Federal Reserve more flexibility when considering future interest-rate decisions, which could eventually help mortgage rates move lower.

Locally, as we have made it to the other side of our typical peak of the market, we can see how we are doing compared to last year. In May of 2025, we saw a peak median price of $470K in the residential market and we missed that by quite a bit this year. We saw a peak of $450K in both May and June and are seeing a slow softening into the fall market, current sitting at $446,000. Now 2 things are true, we are closing more homes and the market is also slower. Inventory is up 12% from last year, while close sales are up 9%. We continue to head more towards the market of 2017/2018 with the amount of inventory we have and quickly approach 4 months supply of inventory, leaning us into what I would call a balanced market between buyers and sellers.

– Haydn

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At Halsted HomeTeam, we stay on top of every showing and actively gather feedback so you’re always informed about your home’s progress.

Some agents share feedback right away, while others need a little more time due to busy showing schedules. We follow up as needed to ensure we get detailed responses and keep you updated.

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You’re welcome to call anytime; I’ll also reach out each Tuesday. Thank you for trusting us with your home — we’re here every step of the way. — Haydn

Questions? Call Haydn anytime.