12/01/2020
November continued to be busier than the calendar typically suggests. Buyer activity remains higher than normal for this time of year, while in many segments of the market, housing supply remains much lower than one year ago. Multiple offers remain a common occurrence, keeping housing hot while the temperatures continue to fall.
Mortgage rates dropped to new record lows again in November, helping to offset the monthly mortgage payment increases caused by the rise in home prices locally. While prices often dip a bit in the winter months, continued buyer demand may temper any price retreats this year. DM us for expert advice on navigating the market and to be matched with a member of our award-winning, hand-selected team of agents.