Market Update January 2024

Although the housing market typically slows down during the winter months, we can assure you that there are still many ready buyers out there right now looking for a home.  This is the perfect time to list your property and get ahead of the spring market.  With less inventory now in the winter months, your property will get more attention from active and ready buyers.  Buyers looking this time of year are typically more determined to make strong offers to secure a home and close quickly.  These buyers understand the need to act before the more competitive spring market takes off.  And selling in the winter months generally means less time and money dedicated to improving curb appeal.

Call me today if you’re considering selling.  We can offer valuable insight on buyer preferences and worthwhile improvements.

Interest rates seem to be coming down.  In the last quarter of 2023 many buyers purchased with rates in the 7s and almost 8%.  Rates will continue to ebb and flow, but strong applicants could see their rate in the 6% range. This is a good time to buy and take advantage of the lower interest rates. We can get you in contact our mortgage partners at Guaranteed Rate Affinity, for more information.

As always, reach out if you are thinking of buying or selling. I would love to hear about your real estate goals and discuss creative buying and selling strategies or answer any questions you may have.  Or just reach out to say “hi”.   I would love to catch up.