What we’re seeing is that the real estate market is mixed. For example, typically when school is back in session, it can signal a major shift. The thinking is that families have already bought a home, moved, and settled in before the start of the school year – halting their house hunting. That’s not the case lately. This month, we’re seeing a pick-up in sales and expect it to continue through September, given interest rates have dropped in recent after a very quick and dramatic increase up through July.

While incredible properties are still selling at some of their highest prices ever, the overall average sales price has dropped, as has the total number of homes being sold each month. The good news for buyers - there is more home inventory available and prices are starting to rein in.

Here are some variables we see:

• A balance between properties that get multiple offers versus some that experience a price reduction
• Other properties are transitioning from ‘for sale’ to ‘for rent'
• Highly coveted properties are selling well over asking price

All in all, our team members are here to guide you through the pivots seamlessly. This is a great time to connect with us to discuss how to best present your home or refine your search. 

Best,

The agents at Highland Premiere have some adorable, fluffy, furry, and feathered friends! We wanted to share with you some of their favorite pet photos. Watch for them on Instagram too! Follow us here.

Vanessa Dunlap adopted Bucket who was born in Croatia. He is 140 pounds of pure personality! He thinks he’s the size of a chihuahua and can even open doors with his mouth! Meet Bucket!

Laura Salgues calls bees and chickens her pets. The leader of the “peck” is Thelma, a smart, curious bird who leads the barnyard. If Thelma does it, all the other chickens follow. Read more about Laura's urban farming journey in Mar Vista.