HERE'S YOUR WEEKLY LISTING REVIEW FOR

1623 W Garland Ave

Hi Marco,

Over the past 7 days, we've had 4 private showings, with 2 additional showings scheduled for today following the recent price reduction. The increase in showing activity is an encouraging sign that the price adjustment has generated renewed interest and is bringing more buyers through the property. While we haven't received any serious offers yet, the continued flow of showings suggests that the home is attracting attention and being actively considered by buyers in the market. We'll continue gathering feedback from each showing, monitor buyer responses closely, and keep you updated immediately if we see stronger interest or receive an offer.

This past week, economic data showed that inflation ticked higher in May, reaching its highest level in nearly three years. While higher inflation can keep pressure on borrowing costs, declining oil prices may help ease some inflationary pressures in the months ahead, which could provide a more favorable environment for buyers over time. Mortgage rates continue to fluctuate as markets react to these economic indicators, and many buyers remain careful and deliberate in their purchasing decisions.

On the housing side, new home sales declined to their second-lowest level in nearly four years, reflecting the cautious pace we're seeing across many segments of the market. Buyers are still active, but they're taking more time to evaluate properties, compare options, and ensure they're receiving strong value before making an offer. We'll continue monitoring both local market trends and broader economic conditions closely and will keep you informed of any developments that could impact your home's position in the market.

– Haydn