Home Buyers • Home Sellers and Buyers • July 31, 2025

Home Buyer Checklist

by Annette Dammeyer

🏡 Your Ultimate SE Florida Home Buyer Checklist

From Dreaming to Closing — A Trusted Agent’s Guide

Buying a home in Southeast Florida isn’t just a transaction—it’s a lifestyle decision. Whether you’re drawn to waterfront views, vibrant communities, or year-round sunshine, this comprehensive checklist will guide you from your first thought to the final signature. As a local real estate expert, I’ve broken down every step with practical advice and tips tailored to our unique market.

✅ 1. Decide to Buy

Clarify your “why”: Are you relocating, upsizing, downsizing, investing, or seeking a lifestyle upgrade (e.g., waterfront living)?
Assess financial readiness:
- Review credit score
- Know your estimated PITI. PITI refers to the four components that typically make up your monthly mortgage payment: principal, interest, taxes, and insurance. Here’s a breakdown of what each element represents:
  - Principal: This is the portion of your payment that goes towards repaying the actual loan amount you borrowed from the lender to buy the home.
  - Interest: This is the cost of borrowing the money, charged by the lender as a percentage of your loan principal.
  - Taxes: These are the property taxes levied by your local government, used to fund public services like schools and infrastructure.
  - Insurance: This is typically homeowner’s insurance, which protects your home from damage or loss due to events like natural disasters.
- Estimate your total monthly budget (mortgage, taxes, insurance, HOA fees, spending habits, savings)
- Factor in SE Florida-specific costs (flood insurance, hurricane prep)
Explore timing: Consider seasonal market trends (e.g., winter influx, summer inventory shifts) and your specific timing needs

💰 2. Get Pre-Approved

Choose a local lender familiar with SE Florida’s market and insurance nuances. I have excellent local lender resources that I can refer to you.
Gather documents:
- Income verification (W-2s, tax returns)
- Bank statements
- Debt obligations
Understand loan options:
- Conventional, FHA, VA, jumbo loans
- Waterfront or condo-specific financing considerations
- Understand the difference between Pre-Qualification and Pre-Approval. Pre-qualification is an informal estimate of how much you might be able to borrow. It’s based on basic financial information you provide—like your income, debts, and assets—but it’s not verified. There’s usually no credit check involved, and no documentation required. Think of it as a ballpark figure to help you begin your search. Pre-approval is a more formal process. It involves submitting financial documents—like tax returns, W-2s, and bank statements—and undergoing a credit check. The lender reviews everything and gives you a conditional commitment for a specific loan amount. Sellers often prefer a pre-approval as it shows them you are a serious buyer and have a higher likelihood of securing the loan.

🧭 3. Define Your Criteria

Location priorities:
- Proximity to beaches, schools, work, or boating access
- Flood zones and elevation
Home features:
- Bedrooms, layout, outdoor space, pool, dock
- Age of roof, windows, and HVAC (important for insurance)
Lifestyle fit:
- Gated communities, walkability, pet-friendliness, HOA rules

🕵️‍♀️ 4. Partner with a Local Expert

Choose a real estate agent who:
- Specializes in SE Florida neighborhoods and waterfront properties
- Communicates clearly and advocates for your goals
Discuss strategy:
- Market conditions
- Offer tactics
- Negotiation style
Understand the benefits of working with a buyer’s agent and your responsibilities regarding buyer’s agent commissions
- A written buyer-broker agreement is now required when working with a real estate agent who is a member of the Multiple Listing Service (MLS). This agreement must be signed before the buyer begins touring properties with the agent and will outline the services your real estate professional will provide you, and what they will be paid for those services.

🔍 5. Start the Search

Tour homes in person or virtually (drone footage, video walkthroughs)
Evaluate curb appeal and potential (consider staging possibilities)
Ask about local quirks:
- Drainage, easements, seawall conditions
- Community restrictions or assessments
If you are looking for a waterfront home for your boat, I have provided in-depth information here: Guide for Boaters Buying SE Florida Waterfront Homes with Docks
I will set you up on a personized search that will pull all current and just listed properties on the market that fit your requirements

📑 6. Make an Offer

Review comps and recent sales – I will provide you with a current Comparative Market Analysis (CMA) for the property
Craft a strong offer:
- Price, deposit, contingencies
- Closing timeline

🧾 7. Under Contract: Due Diligence

Schedule inspections:
- General home, roof, 4-point, wind mitigation, termite- For an explanation of a 4-point inspection, view: 4-Point Inspection
- Pool, dock, seawall (if applicable)
Review disclosures:
- HOA docs, insurance history, flood disclosure, permits
Negotiate repairs or credits based on findings

🛡️ 8. Secure Insurance

Get quotes early:
- Homeowners, flood, windstorm
Understand coverage:
- Replacement cost vs. actual cash value
- Deductibles for hurricanes
Check insurability:
- Roof age, electrical panel, plumbing type
- Condominium milestone reports, reserves, deductibles, litigation

🧮 9. Finalize Financing

Lock in your rate
Submit final documents
Review Closing Disclosure (3 days before closing)

📦 10. Prepare for Closing

Schedule final walk-through
Transfer utilities – I can assist you with this through my Utility Connect program (it’s a free service I offer)
Confirm title and escrow details
Bring ID and certified funds to closing

🎉 11. Closing Day!

Sign documents
Receive keys
Celebrate your new home!

🌴 Bonus Tips for SE Florida Buyers

Check hurricane shutters and/or impact windows (performance, protection, price)
Explore homestead exemption for property tax savings (if this will be your primary residence)
Plan for seasonal maintenance (AC servicing, landscaping, pest control)

Ready to Start Your Journey?
Whether you’re buying your first home or your dream waterfront retreat, I’m here to help you move forward with clarity and confidence. Let’s make your move in SE Florida seamless and successful.

CONTACT ANNETTE

Let’s start working together!

Annette Dammeyer, REALTOR^®, ABR^®, AHWD^®

Coldwell Banker Realty

901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301

808.747.3686

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 3535792

Florida Real Estate Market Trends • July 31, 2025

SE Florida Market Snapshot – July 2025

by Annette Dammeyer

Market Trends in SE Florida

The real estate market is adjusting. With the increase in months of supply of inventory, SE Florida is leaning towards a “buyer’s market”. Seller’s are now reassessing their asking price on their properties for sale. It is crucial to examine other similar homes on the market to establish an aggressive original listing price, generating multiple buyer’s attention to your property. This is also an important time to consider a decrease in asking price if the property has been on the market without active offers. I welcome any discussions you may want to have regarding your neighborhood trends. Please reach out to chat, even if you are not ready to buy or sell, but just would like to discuss current real estate updates. Here are the Market Snapshots reflecting the last month (compared to the same month last year) for the following areas:

Fort Lauderdale
Wilton Manors
Hollywood
Dania Beach
Hallandale Beach

These take into account all property types (Single Family Homes/Condos/Townhomes).

The real estate landscape in South Florida is evolving quickly—and making smart, timely decisions has never been more important. Whether you’re considering selling, buying, or simply staying informed, I’m here to be your local guide and resource.
Let’s talk about current market trends and how we can align your goals with today’s opportunities. I’d be happy to provide customized market reports for Fort Lauderdale, any SE Florida city, or even your specific neighborhood—all automatically delivered to your inbox.
Call or email me anytime. I’m here to help you move forward with clarity and confidence

CONTACT ANNETTE

Let’s start working together!

Annette Dammeyer, REALTOR^®, ABR^®, AHWD^®

Coldwell Banker Realty

901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301

808.747.3686

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 3535792

Florida Real Estate Market Trends • Home Sellers and Buyers • Homeowner • July 28, 2025

August 2025 Essentials: Seller Checklist, Curb Appeal Tips & Buying Smarts

by Annette Dammeyer

August 2025 Newsletter

August is nearly here, and with it comes a renewed focus on the essentials. Whether you’re prepping to list your home or simply refreshing your space, this month’s newsletter dives into the real estate fundamentals that matter most in our Southeast Florida market.

Inside, you’ll find my Ultimate Home Seller’s Checklist — a must-have guide to navigate your sale with confidence, plus stylish updates that add curb appeal, like outdoor water features and statement garage doors. And for those exploring homeownership, check out the 7 clear and practical steps to help you understand what you can afford and how to get started.

Let’s simplify the process, elevate the experience, and keep our community inspired. I’m here for any questions or consultations — just reach out!

Warm regards,
Annette

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If you have any questions or simply want to talk through your options, I’m here for you. Let’s have a conversation tailored to your goals, and map out the next steps together. I’m here to help and guide you every step of the way with experience and integrity.

CONTACT ANNETTE

Let’s start working together!

Annette Dammeyer, REALTOR^®, ABR^®, AHWD^®

Coldwell Banker Realty

901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301

808.747.3686

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 3535792

Home Sellers and Buyers • Homeowner • July 21, 2025

The Ultimate Home Seller Checklist for SE Florida

by Annette Dammeyer

🌴 The Ultimate Home Seller Checklist for SE Florida: From Decision to Closing

Selling your home in Southeast Florida isn’t just a transaction — it’s a transformation. Whether you’re downsizing, moving closer to family, or simply ready for a change, I know how emotional and overwhelming this process can be. I’ve walked many sellers through this journey, and when you have a clear path forward, you’ll feel more in control, more confident, and ready to celebrate when the keys are handed over.

So, here’s the roadmap — a comprehensive checklist designed especially for SE Florida homeowners. Use this as your guide from that first “maybe it’s time” moment all the way to a victorious closing day.

🧭 Step 1: Deciding to Sell

Identify your “why” — downsizing, relocation, lifestyle upgrade?
Research local trends in your neighborhood (Fort Lauderdale, Hollywood, Boca, etc.)
Estimate equity and potential profits
Consider seasonal timing (yes, even in sunny Florida — buyer demand fluctuates)
Talk to a trusted real estate professional (like me!) to run through your options
Agree on a Listing Price after reviewing a Comparative Market Analysis (CMA)

I will provide you with a CMA that takes into account your neighborhood’s recently sold homes, the current competition and local market conditions.

🛠️ Step 2: Preparing the Property

Declutter and depersonalize — less is more when buyers tour your home
Handle repairs and maintenance: roof, HVAC, plumbing
Boost curb appeal — South Florida buyers notice landscaping!
Schedule a pre-listing home inspection and seawall/dock inspection if applicable (optional but smart)
Consider professional staging (especially helpful in open layouts)
If interested, take advantage of the RealVitalize^® program that provides home sellers with home improvement resources during the listing period, with no upfront costs or interest fees.

🎨 Step 3: Marketing & Listing

Take professional photos to showcase your property effectively online, attracting more buyers*
Complete the Seller’s Property Disclosure Statement
Complete the Flood Disclosure
If applicable, order all HOA documents for disclosure
Create emotional, lifestyle-driven marketing materials*
Launch the listing on the MLS and other platforms*
Feature your home in email campaigns, social posts, and open houses*
Target buyers relocating to SE Florida — they’re often driven by lifestyle and climate*

*I will take the lead on these items. Please click link to view my Marketing Strategy:

💼 Step 4: Navigating Offers

Review offers carefully: price, contingencies, closing timelines
Strategically counter or accept offers based on your goals
Handle negotiations with clarity and confidence
Don’t forget: emotional intelligence matters here as much as market savvy

I will promptly present all offers to you so we can discuss them and prepare an appropriate response for the buyer.

📜 Step 5: Under Contract

Handle any lender-required repairs
Cooperate with inspections and appraisals and keep communication open
Complete all remaining required disclosures to provide to the buyer
Coordinate with the title company and attorney (if needed)
Keep the property “show-ready” until all contingencies are cleared

I will keep you apprised of all appointments including inspections, appraisals and document signing. I will also make sure all required disclosures are completed and delivered by the deadlines.

🎉 Step 6: Closing Day

Do your final walk-through the day before (yes, even sellers should check everything)
Sign final documents and celebrate a smooth transaction
Transfer keys, garage openers, and final information
Celebrate!

I hope this comprehensive guide gives you clarity and confidence as you consider selling your home in beautiful Southeast Florida. Every seller’s journey is unique — and the right guidance makes all the difference.

If you have any questions, are curious about your home’s current value, or simply want to talk through your options, I’m here for you. Let’s have a conversation tailored to your goals, and map out the next steps together.

Feel free to reach out anytime to schedule a consultation — whether you’re ready to list or just exploring. Your next chapter starts with a confident first step.

CONTACT ANNETTE

Let’s start working together!

Annette Dammeyer, REALTOR^®, ABR^®, AHWD^®

Coldwell Banker Realty

901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301

808.747.3686

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 3535792

Home Sellers and Buyers • July 15, 2025

Home Selling Marketing Strategy

by Annette Dammeyer

A successful sale requires a successful plan.

Proven. Powerful. Personal.

The market in SE Florida is shifting. Inventory is rising, days on market are stretching and properties now require strategic, aggressive marketing to stand out. If you are considering selling, representation by a knowledgeable, proactive professional is essential. Part of my marketing plan for selling homes is covered in the video below, but each home is unique and we can discuss what marketing resources would achieve the maximum exposure and create buyer excitement for your property.

If you are ready to market and sell your property, let’s make an appointment to discuss how to get it listed and sold. I am committed to my clients. Contact me if you are looking for a dedicated agent who will:

– Call you back and respond to your messages and emails PROMPTLY

– Keep you informed throughout the process

– Negotiate on your behalf with integrity

– Diligently work to sell your property

– Communicate with all parties with respect and resourcefulness

– Utilize over a decade of experience to keep the process as streamlined and stress-free as possible

CONTACT ANNETTE

Let’s start working together!

Annette Dammeyer, REALTOR^®, ABR^®, AHWD^®

Coldwell Banker Realty

901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301

808.747.3686

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 3535792

Florida Real Estate Market Trends • July 8, 2025

Fort Lauderdale June 2025 Area Report

by Annette Dammeyer

Fort Lauderdale June 2025 real estate statistics have been published.

Fort Lauderdale Area Reports

Single Family Homes

Condominium & Townhouses

Fort Lauderdale Real Estate Market Overview

The following is a real estate market report for Fort Lauderdale, detailing sales activity, trends, and statistics for single-family homes and condos/townhouses as of June 2025.

Summary:

Single Family Homes Sales Overview

The single-family homes market has experienced a decline in sales and prices compared to last year. Key metrics indicate a significant drop in both the number of sales and average prices, reflecting a challenging market environment.

Number of Sales: 146 (down 13.53% from last year)
New Listings: 293 (down 14.83% month-to-date)
Median Sales Price: $575,000 (down 13.53% year-over-year)
Average Sales Price: $967,893 (down 25.3% year-over-year)
Median Days on Market: 53 (up 39.47% year-over-year)
List/Sold Price Ratio: 95.2% (down 0.67% from last year)

Condo/Townhouse Market Overview

The condo/townhouse market has also seen a decrease in sales and prices, with notable declines in both new listings and sold properties. This trend suggests a tightening market for these types of properties.

Number of Sales: 167 (down 10.31% from last year)
New Listings: 310 (down 24.21% month-to-date)
Median Sales Price: $435,000 (down 10.31% year-over-year)
Average Sales Price: $641,687 (down 7.15% year-over-year)
Median Days on Market: 70 (up 27.27% year-over-year)
List/Sold Price Ratio: 93.2% (down 2.02% from last year)

Year-to-Date Market Trends

Year-to-date statistics reveal a consistent decline in both single-family homes and condo/townhouse sales, indicating a broader trend in the real estate market.

Year-to-Date Sold Listings for Single Family Homes: 818 (down 12.98% from last year)
Year-to-Date Sold Listings for Condo/Townhouse: 890 (down 7% from last year)
Year-to-Date Median List Price for Single Family Homes: $672,500 (up 7.64% from last year)
Year-to-Date Median List Price for Condo/Townhouse: $449,950 (down 9.83% from last year)

Market Dynamics and Inventory Insights

The market dynamics show an increase in the average days on market, suggesting a shift towards a buyer’s market. The absorption rate indicates a need for sellers to be competitive.

Average Days on Market for Single Family Homes: 70 (no change year-over-year)
Average Days on Market for Condo/Townhouse: 93 (up 24% year-over-year)
Months Supply of Inventory: Indicates a need for a competitive pricing strategy for sellers.
Higher absorption rates suggest a more aggressive approach is necessary for sellers to attract buyers.

Conclusion

The report highlights significant trends in the residential real estate market, with declines in sales and prices for both single-family homes and condos/townhouses. For further insights and personalized information, contact me, I’m always available to talk.

We are entering a new real estate market in SE Florida. This is the time to work with an experienced and knowledgeable real estate professional. Please contact me if you would like to be sent updated market reports for YOUR specific neighborhood, Fort Lauderdale, or another SE Florida city. We can discuss the market, current trends and how we can work together to accomplish your real estate goals. I am here to help.

CONTACT ANNETTE

Let’s start working together!

Annette Dammeyer, REALTOR^®, ABR^®, AHWD^®

Coldwell Banker Realty

901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301

808.747.3686

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 3535792

Florida Real Estate Market Trends • June 30, 2025

SE Florida Market Snapshot – June 2025

by Annette Dammeyer

Market Trends in SE Florida

Fort Lauderdale
Wilton Manors
Hollywood
Dania Beach
Hallandale Beach

These take into account all property types (Single Family Homes/Condos/Townhomes).

With the rapidly changing real estate market, now is the time to make informed decisions. Contact me today to discuss the current market trends and how we can work together to accomplish your real estate goals. Please call or email me if you would like to be automatically sent detailed market reports for Fort Lauderdale, another SE Florida city, or your specific neighborhood. I am here to help.

CONTACT ANNETTE

Let’s start working together!

Annette Dammeyer, REALTOR^®, ABR^®, AHWD^®

Coldwell Banker Realty

901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301

808.747.3686

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 3535792

Florida Real Estate Market Trends • Home Sellers and Buyers • Homeowner • June 25, 2025

July 2025 ~ Unlock Equity, Spark Joy & Celebrate!

by Annette Dammeyer

July 2025 Newsletter

July is nearly here, and you know what that means—fireworks, family, and a fresh batch of inspiration to make your home sparkle all year long!

I’m delighted to bring you this month’s newsletter, filled with practical tips and creative ideas to elevate your space and your equity. Whether you’re cooling off poolside or prepping your patio for the perfect Fourth of July bash, I’ve curated articles that speak to the way we live—and dream—here in beautiful South Florida.

This issue, we’re exploring:

Your Home Equity- What Every Homeowner Needs to Know – Understand how your home’s value works for you.
Fourth of July Party Ideas That Shine – Décor, dishes, and backyard fun for an unforgettable celebration.
Kitchen Goals: Function + Welcome – Create a space that’s equal parts efficient and inviting.
The Basement That Pays You Back – I get it—South Florida basements are rare birds! But the design ideas inside can boost any addition or renovation (hello, bonus rooms, guest suites, and more!).

Wherever you are on your homeownership journey, I’m here to help you make informed, confident, and creative choices—every step of the way.

Wishing you a safe, joyful and fun-filled July!

Warmly,
Annette Dammeyer
Your Local Real Estate Professional

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Enjoy your July and celebrate in style! If you are interested in evaluating your home equity, I offer complimentary comparative market analyses to give you a clear picture of your home’s value in today’s SE Florida market. I’m here to help and guide you every step of the way with experience and integrity.

CONTACT ANNETTE

Let’s start working together!

Annette Dammeyer, REALTOR^®, ABR^®, AHWD^®

Coldwell Banker Realty

901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301

808.747.3686

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 3535792

Homeowner • June 13, 2025

Confused About Your “Home Equity”?

by Annette Dammeyer

Your Home Equity: What Every SE Florida Homeowner Needs to Know

Understanding Home Equity in Simple Terms

Home equity is the portion of your home that you truly own—think of it as the difference between your home’s current market value and what you still owe on your mortgage. For example, if your home is worth $500,000 and you owe $300,000, you have $200,000 in equity.

Equity builds over time as you pay down your mortgage and as your home’s value appreciates. In SE Florida, where property values can fluctuate based on demand, location, and local market conditions, understanding your equity is crucial for making smart financial decisions.

Factors That Impact Your Home Equity

Several key factors influence equity:

Home Value – Your property’s worth is determined by market trends, location, and home improvements. Regularly monitoring your home’s value helps you understand how much equity you have.
Mortgage Payments – Each monthly payment increases your equity by reducing the outstanding loan balance.
APR (Annual Percentage Rate) – APR refers to the total cost of your mortgage, including interest rates and fees. A lower APR means you’re paying less over time, helping you build equity faster.
Market Conditions – SE Florida’s real estate market can see rapid changes, influenced by local demand, tourism, and economic shifts. These conditions directly affect your home’s value.
Home Improvements – Strategic upgrades like kitchen renovations or landscaping can boost your home’s value, increasing equity.

Why Home Equity Matters

Your home equity gives you financial leverage. Whether you’re considering selling, refinancing, or borrowing against it, knowing where you stand can help you make informed decisions.

Get Your Personalized Home Equity Analysis

Want to know exactly how much equity you have in your home? I offer comparative market analyses to give you a clear picture of your home’s value in today’s SE Florida market. Reach out today to get your personalized report and expert insights on maximizing your investment!

CONTACT ANNETTE

Let’s start working together!

Annette Dammeyer, REALTOR^®, ABR^®, AHWD^®

Coldwell Banker Realty

901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301

808.747.3686

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 3535792

Florida Real Estate Market Trends • June 9, 2025

Fort Lauderdale May 2025 Area Report

by Annette Dammeyer

Fort Lauderdale May 2025 real estate statistics have been released.

Fort Lauderdale Area Reports

Single Family Homes

Condominium & Townhouses

Fort Lauderdale Real Estate Market Overview

The Fort Lauderdale real estate market has experienced significant changes in sales activity and pricing trends over the past year. Both single-family homes and condo/townhouse markets show a decline in sales volume, while prices have generally increased.

Summary:

Single Family Homes Sales Activity

Sales of single-family homes in Fort Lauderdale have decreased significantly compared to last year. The median sales price has risen, indicating a shift towards higher-value properties.

Number of sales decreased from 212 in May ’24 to 139 in May ’25, a drop of 34.43%.
New listings fell from 375 in May ’24 to 288 in May ’25, a decrease of 23.2%.
Median sales price increased by 23.95%, from $536,500 to $665,000.
Average sales price rose by 14.83%, from $1,091,613 to $1,253,547.
Average days on market increased from 61 to 72 days, an 18.03% rise.

Condo/Townhouse Market Trends

The condo/townhouse market in Fort Lauderdale has also seen a decline in sales, with a slight increase in median prices. This indicates a competitive market despite fewer transactions.

Number of sales decreased from 187 in May ’24 to 134 in May ’25, a decline of 28.34%.
New listings dropped from 456 in May ’24 to 321 in May ’25, a decrease of 29.61%.
Median sales price increased by 7.42%, from $465,000 to $499,500.
Average sales price decreased by 6.19%, from $679,928 to $637,825.
Average days on market increased from 73 to 99 days, a rise of 35.62%.

Market Summary and Key Statistics

The overall market summary highlights the trends in listings, sales, and pricing for both single-family homes and condos/townhouses. The data reflects a tightening inventory and rising prices.

Total new listings for single-family homes year-to-date: 1,898, down 3.27% from last year.
Total sold listings for single-family homes year-to-date: 794, down 13.98% from last year.
Total new listings for condos/townhouses year-to-date: 2,612, down 9.15% from last year.
Total sold listings for condos/townhouses year-to-date: 789, down 5.32% from last year.
The list/sold price ratio for single-family homes is 95.7%, while for condos/townhouses it is 94.1%.

Commonly asked questions while reviewing the reports:

What is the difference between “Median Sales Price” and “Average Sales Price”?

Median Sales Price | Price of the “”middle”” property sold -an equal number of sales were above and below this price.

Average Sales Price | Average sales price for all properties sold.

What does “Absorption Rate” mean?

Absorption Rate | Looks at the past year’s monthly supply of inventory. In a normal market there should be a 6 month supply. The higher the rate above 6 the more aggressive a seller has to be with the competition; price and having a picture perfect property.

Single Family Home Area Report listed first, Condo/Townhouses listed second: