06/01/2026
🚨🏡 Are you wondering what's happening in the local housing market? Here is The R.A.P Team Real Estate Wrap Up for the month of May!Whether you’re looking to buy your first home or capitalize on your property's equity, staying informed is your biggest advantage.
Here is a quick snapshot of the local market trends:
📊 The May Numbers at a Glance:
Average Sales Price: $259,000
Average Days on Market (DOM): 43 days
Current Inventory: Approximately 3.5 months of supply
Current Interest Rates: The 30-year fixed-rate mortgage is currently averaging around 6.49% to 6.53%.
🔑 Real Estate Advice & Strategic Advantages
💡 FOR BUYERS:
The Advantage: Interest rates have pulled back slightly compared to last year's peaks, offering a bit more purchasing breathing room. Plus, home prices are growing at a more predictable, normalized pace.
Our Advice: With a 43-day average on the market, you have a brief window to move thoughtfully, but the low inventory means you must act with precision. Get fully pre-approved first so you can compete with a clean, strong offer the moment the right house pops up!
💡 FOR SELLERS:
The Advantage: You are still firmly in the driver's seat! Demand remains very strong, and homes are selling at an impressive average of 101% of their asking price.
Our Advice: Inventory is low, making your property highly sought after. However, accurate pricing is everything. To maximize your return, make sure your home is presented beautifully and priced strategically.
🤝 We’re in this TOGETHER!
Navigating this fast-paced market takes the right strategy and a team you can trust. Let Robinson, Adams, and Peggues guide you every single step of the way.
📞 Call us: 716-256-2868
📧 Email us: [email protected]