Open Houses August 2021
Saturday the 14th and Sunday the 15th
The average price of homes sold in Montclair during the month dipped slightly below $1 million after breaking that mark in May and June. Buyers were still paying premiums, but smaller homes made up a higher percent of sales.
Summer Local Housing Market Breakdown:
While August is typically a slow month for new inventory (exceptions made for the past year due to the Covid lag), we have seen a good number of new listings early on as sellers respond to demand.
Buyers should monitor inventory for the right house and a quick close could get you in before the start of school. We have been conducting facetime showings for buyers who will come to town if a home deserves an in-person viewing.
We haven’t seen the rise in covid cases have a negative effect on the local real estate market. All of the customers and real estate professionals we have encountered have been fully vaccinated. Nevertheless, we may see potential sellers postpone their home search if they are targeting Florida or other high incidence areas.
Contact me with your thoughts and questions.
3rd Generation Owner