October 1st, 2023

​​​​​​​As we navigate the fall real estate market, it's critical to stay informed about the latest trends in the housing market. Now more than ever, if you want to get your home sold this year, your home needs to be priced correctly. Mortgage interest rates are at a 20 year high as they are approaching 8%. The increase in mortgage rates, soaring sales prices, and a shortage of available homes for sale have significantly affected the market. Compared to the spring and summer real estate market, the current fall market has cooled. We have noticed more price reductions on homes that need updating and these homes are experiencing more market time.

Desirable homes that are priced appropriately are still receiving multiple offers after a weekend of open houses. As the dynamics of each local market is specialized, contact us to discuss your unique home buying or selling situation. Click the link below for local events in October, real estate news, and discover lifestyle home tips.