Last month we asked this question: Is local demand cooling off? This month we have some statistics
suggesting that the local housing market is slowing down a hair, but if you are driving down the highway at 100 miles per hour, is going 97 miles per hour really slowing down?
We aren’t ready to sound the alarm yet, especially since our latest numbers are from September, meaning that the majority of the homes represented in the statistics went under contract in August. August is traditionally one of the slowest times of the year for real estate sales. Plus, as the chart shows, the year-over-year numbers (September 2020 compared to September 2021) are still trending in a positive direction for sellers.
Did you know that Cross Realty also manages rental properties and that we are active local investors ourselves? Last week Lee was asked to give a market update to a local real estate investors group. The link to his presentation is below if you would like to watch.
If you are thinking about moving and you would like to discuss your personal real estate needs, please reply to this email, or give us a call (757-726-7653 for Lee, 757-434-9084 for Harry). We love talking real estate, so don’t hesitate to give us a call if you have questions.
Lee and Harry
What’s Happening in Suffolk
Friday Night Frights
Suffolk Tourism, in partnership with the Suffolk Center for Cultural Arts, is pleased to present the Third Annual Friday Night Frights Classic Horror Film Series. Scream will return to the big screen on Friday, October 15, 2021; The Birds is…
Suffolk Art League’s popular Annual Juried Exhibition includes artworks in a variety of mediums by artists from throughout the Hampton Roads region and beyond. The exhibition will be on display from October 23 through December 3 at the Suffolk…
Bring your little goblins and ghouls to Touch a Truck, Train & Trick or Treat on Saturday, October 30, 2021! The event begins at 11am and ends at 2pm, rain or shine. Enjoy food, candy, games, trucks, trains and more! Children can see, touch, and…