12/18/2023
Are you thinking of buying or selling or curious about the local market as we head into winter?
Today, I’m sharing my thoughts on what you can expect — especially if you’ve got real estate on your mind.
First, a few bright spots for buyers:
In most major U.S. markets, home prices have stabilized. On average, they rose just 3% from August 2022 to 2023 — a far cry from the 16.1% jump in prices we saw between August 2020 and 2021.
Fall and winter are actually solid times to buy. Why?
• Less competition
• An uptick in inventory
• Motivated sellers
It's true that supply grows in the spring, but that also means you'll face more competition.
One more thing: Don't let the prospect of rising interest rates deter you. There are still open avenues for securing a mortgage, and should rates drop in the future, you always have the option to refinance.
On the selling side, now is the time to list your home, regardless of the season. Buyers are reaching out every day — and some of them are looking for a home just like yours.
If you're considering buying or selling a home in the coming months, don't hesitate to reach out. I’m here to help however I can.
