Prices Go Up

Buying or selling home is a huge life decision. With the housing market evolving every year, it can be difficult to know when to buy or sell a home. As autumn lurks upon us, homebuyers are ready to get out of summer mode and settle down before the school year. At Kendall Homes, our professional homebuilders offer a complete customer service experience from start to finish on your journey to purchase a new living space.

According to the REALTORS® Confidence Index, properties were reported to sell faster for the sixth straight month. Sales occurred on an average of 44 days in June as opposed to 47 days in May. About 42 percent of respondents reported their properties were on the market for less than six months when sold, and only five percent at six or months on the market when sold. The report summarizes that because of the current demand-supply imbalance of real estate, home prices have continued to increase but are being sold faster, leading to distressed sales. These inflated prices paired with slow job growth has made it difficult for some homebuyers to access mortgage financing. In such a rushed housing market, it is wise to purchase when you feel ready and to work with companies that provide excellent customer service, such as Kendall Homes.

Existing home sales are completed property transactions including condominiums, townhomes, and single-family homes. According to the National Association of Realtors, these sales reached an annual pace of five million for the first time since October 2013 this past June. Existing home sales jumped from 4.91 million in May to 5.04 million in June.

At Kendall Homes, we have beautiful move-in ready homes available and waiting for you. We currently have a variety of floor plans in the Dylan Heights and Lakeridge Heights  neighborhoods. Each Kendall Home comes with Quality Builders Warranty so that you’ll be confident in the quality of the product. Contact us for any inquiries or interest in purchasing a new home.

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