Traditionally in real estate, spring and into summer is the time to buy and sell a house with the majority of the year’s housing sales happening in the warmer months. However, with the late start to the housing market this spring due to the uncertainty of the COVID-19 pandemic, we are going into autumn with historically low inventory which is in turn keeping the real estate market tight and very competitive.
With fewer homes available to buy than there are buyers to purchase them, we are not seeing the sharp downturn in sales that are typically associated with this time of year. Especially in the affordable housing range, we continue to see homes sell quickly, and at aggressive prices.
If you want to sell your home, and take advantage of this market, start with getting a custom Comparative Market Analysis (CMA) of your home.
Buyers never fear, you are still in a good position as well. With historically low interest rates, your buying power remains higher than ever. Using one of our local expert real estate brokers is the best way to access homes, stay on top of new listings, and have a knowledgeable advisor throughout the buying process. Check out the current listings!
If you are interested in getting your own Market Insight Report, sign up here.
If you would like more information on selling or buying a home, give us a call at (360) 293-2161.