Real Estate Market Update – October 2018
So what does this mean for our local market? Buyers are still out in full force. Despite seller’s thinking that now is a bad time to sell because of the season. Buyers are out there because we still have low inventory in our area. So if you are thinking about selling now is an ideal time. Competition is extremely low and there are plenty of buyers. The combination of both equals a high demand! More demand equals a higher sales price. Consider selling before the market changes.
If you are buyer, consider purchasing now before interest rates rise again. A small change in interest rates can drastically affect your monthly payment. I can sit down with you and review the numbers as well as conduct a needs analysis to help you determine the best criteria for your home search. So you are prepared and educated to purchase when the time comes.