We can’t believe it’s already almost October! Summer came and went too fast, just like it always does. We’ve received several questions about what to expect the housing market to look like this fall, and we’re here to share some updates about what to anticipate these next few months.
First and foremost, we’re so excited to announce that we are now able to have 5 people on site at listing appointments and buyer tours, as opposed to just 3. This is a welcome change that will make the process of buying and selling much easier and more enjoyable for our clients.
For anyone considering listing their home this season, we expect the sellers market to continue to stay strong. We are still experiencing low inventory, and with the typical decline in new listings for fall and winter months, we’re expecting continued success for our sellers this fall season. Now is still a great time to be a seller!
For buyers, we’re still seeing historically low interest rates, allowing you to be able to afford more home or enjoy a lesser monthly payment. We want to encourage buyers to continue their home search, and expect a wider variety of inventory coming soon. There’s never been a better time to take advantage of these low interest rates.
Additionally, if you’re currently renting a home, we’d like to encourage you to think about buying. There are so many benefits to being a homeowner, including building up equity, appreciation for your investment, and potential tax savings. Not to mention the satisfaction of paying off your own mortgage, as opposed to your landlords!
All in all, the upcoming months are expected to stay strong for the housing market. With less inventory, sellers are doing well and buyers will continue to reap the benefits of the historic low interest rates. We are looking forward to an excellent Autumn for both buyers and sellers!