2107 N Houk Rd Apt 1

Hi Cody,

Last week, we had 4 private showings and received a good amount of buyer feedback. Overall, buyers felt the home showed very well, with one agent even commenting that it was the nicest home they had seen in the area. The biggest challenge appears to be the increased number of comparable homes currently available, making it more difficult for buyers to make a decision as they continue weighing their options. One buyer also felt the dining area was smaller than they preferred and thought the bedrooms were on the smaller side, mentioning they may consider an offer around $350,000 with 3.5% in seller-paid closing costs. Despite not receiving an offer yet, the feedback continues to reinforce that the home is presenting well. We'll continue maximizing the property's exposure, following up with interested buyers, monitoring competing listings closely, and keeping you informed of any new developments or buyer interest.

On the general market side of things, mortgage rates remain elevated despite a slight improvement at the end of last week. Current 30-year conventional rates are around 6.625%, 15-year conventional loans are approximately 6.00%, and VA/FHA loans are near 5.875%. While inflation cooled to 3.5% in June, down from 4.2% in May, recent increases in oil prices (topping $100/barrel) have put upward pressure on mortgage rates. Many economists expect rates to improve once energy markets stabilize, but for now, buyers are continuing to navigate a higher-rate environment.

One impact we're watching closely is buyer purchasing power. As interest rates rise, monthly payments increase, which can reduce the amount some buyers qualify to borrow. This has contributed to buyers being more selective, taking longer to make decisions, and placing greater emphasis on overall value when comparing homes. We'll continue monitoring market conditions and mortgage rate trends closely and keep you informed of any changes that could affect your property's position in the market.

– Haydn

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Feedback

PRIVATE SHOWING

7/31/2026

"She did not love the area in general but did appreciate the secured entry. The corner unit is a plus with the easy access to storage space. Specifically, the floor plan does not work for her oversized furniture she is not willing to part with. We have seen quite a few condos as of recent. I do believe you are within range (10k skew either direction) probably on the higher end due to the space and layout, possibly location. The HOA price is great as well. When it is lower it usually prompts concerns of grounds maintenance but that didn't seem to be the case here. Hope that helps. Good luck to your sellers!!" - Haley Meacham

FEEDBACK

Feedback Disclaimer

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.

Whenever new feedback comes in, we promptly add it to your listing’s landing page so you have the latest information at your fingertips.

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.