HERE'S YOUR WEEKLY LISTING REVIEW FOR

4108 E 34th Ave

Hi Cody,

Last week, we had 1 private showing and received positive overall feedback. The buyers really liked the home, specifically complimenting the exterior paint color, the flooring, and what they felt was a standout feature for homes in this price range—a true primary bathroom. They also had a question about the fenced area behind the property. Ultimately, they chose to submit an offer on another home that was closer to their family near the Five Mile area, so their decision was driven more by location than by the home itself. On the market side, 4 comparable homes sold over the past week: Two properties, 3918 E 24th Ave and 3212 E 33rd Ave, sold for approximately 1% above their asking prices, while 3727 E 33rd Ave sold in as-is condition and 3610 S Havana St sold approximately 2.4% below asking. In addition, 3 comparable properties have gone pending within the past 30 days, which continues to show that qualified buyers are active in the area. We'll continue maximizing your home's exposure, monitoring buyer and market activity closely, and keeping you informed of any new showings or significant market developments.

On the general market side of things, there were several positive economic updates this past week that are worth watching. The Federal Reserve chose to leave interest rates unchanged for the fifth straight meeting, while inflation continued to improve, easing from 4.1% to 3.7%. Although inflation is moving in the right direction, it's still above the Fed's long-term goal, so mortgage rates are likely to remain somewhat elevated for now. The encouraging news is that home prices across the country continue to rise, with national data showing steady appreciation throughout the spring. Even in a market where buyers have more choices and are taking longer to make decisions, well-priced homes continue to hold their value.

For sellers, the biggest takeaway is that today's market is healthy, but buyers are more selective than they were a few years ago. Many are carefully comparing homes, considering monthly payment affordability, and taking more time before submitting an offer. That's why pricing competitively and presenting your home in its best possible condition remain as important as ever. We'll continue monitoring both the local market and broader economic trends, adjusting our strategy when needed, and keeping you informed of anything that could impact your home's position in the market.

– Haydn