Market Update – February 2024

Our team is celebrating our Coldwell Banker President’s Circle Award, representing the top 10% of small teams worldwide.  We also rank as the Number 2 Small Team for Coldwell Banker in Connecticut!  These awards could not have been possible without the trust you have placed in us to guide you through the purchase and/or sale of your homes and the referrals you have made on our behalf.  We are humbled and grateful!!  Here’s to another great year!

There are many ready buyers out there right now looking for a home.  Open House traffic has been robust these past few weeks and multiple offers is still a trend!  We are already feeling the energy of the spring market!  This is a great time to list your property and get ahead of it.  The homes that are getting the most attention are those that have been properly prepped for sale and are priced appropriately.  Let me help you highlight the features in your home that buyers are looking for and set the right price for your home.  Call me today if you’re considering selling.  I can offer valuable insight on buyer preferences and worthwhile improvements.

Although interest rates ebb and flow, they seem to be on a downward trend. In the last quarter of 2023 many buyers purchased with rates in the 7s and almost 8%.  Rates will continue to vary, 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. I can get you in contact with our mortgage partners at Guaranteed Rate Affinity to learn about financing options.

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.