Local Real Estate Market Update -November

Local Real Estate Market Update – November 

We are starting to see a the market quiet down do to the holidays.  Yet, inventory is still low and there are buyers still looking!   The market is different in each municipality and in each price range.  Of course starter homes are the hottest along with 55+ housing right now.  With all this being said there is another shift happening.  Sellers who want to price above the market, even as little as $10,000 above the market are hurting themselves.  You want to price the home within 3% of the market to generate the correct demand and offers!  Buyers aren’t looking at homes priced above the market.  You may get a few initial showings, then activity dies off quickly.  Make your market adjustment quickly before the home sits on the market and you end up accepting less simply because the home sat.  Buyers know the market well because they have been online looks at homes often 2-5 months before they start physically looking at homes. 
If you are thinking about buying, interest rates are starting to creep up.  Now is a great time.  Make sure you hire an agent that works for you.  Expert agents are three to consult with you every step pf the way.  An agent’s job goes beyond showing houses.  Your agent should be analyzing y our mortgage costs as well. We just saved a buyer $8000 in closing costs.  Yes you heard me right $8000 in closing costs.  So make sure you are protected when you purchase with an experienced, expert Realtor. 
If you are thinking about buying or selling, Christina would be happy to sit down with you for a free consultation.

​Local Real Estate Market Update – November