Many of you may be wondering how our current market is doing. Today, I’ll be bringing you the latest updates.
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Our market has been going through some interesting changes, so today I’d like to share a few important updates.
Right now, our inventory is probably as low as I have ever seen it, with just 175 single-family homes currently on the market. This is at least two-thirds lower than normal levels of inventory.
Builders have been taking advantage of this low inventory.
Moving on, it’s also important to note that our market is currently going through a shift. If you have been shopping around for homes recently, you’ve probably noticed a rise in interest rates. While rates are still at historic lows, they have risen to around 4.6% or 4.8%, making it more difficult for some buyers to afford homes.
The good news is that home values have risen by as much as 50% in some cases since 2010 and 2011, when prices were plummeting due to a surplus of inventory.
As a result, it’s currently an extremely good time to sell. Rising values and a lack of inventory mean sellers have a better chance of earning top dollar for their listing.
If you have any other questions, would like more information, or would like my team and me to help you determine your home’s true value, feel free to give me a call or send me an email. I look forward to hearing from you soon.
Right now, our inventory is probably as low as I have ever seen it, with just 175 single-family homes currently on the market. This is at least two-thirds lower than normal levels of inventory.
Builders have been taking advantage of this low inventory.
Moving on, it’s also important to note that our market is currently going through a shift. If you have been shopping around for homes recently, you’ve probably noticed a rise in interest rates. While rates are still at historic lows, they have risen to around 4.6% or 4.8%, making it more difficult for some buyers to afford homes.
“
Right now is a great time to sell.
”
Right now is a great time to sell.
The good news is that home values have risen by as much as 50% in some cases since 2010 and 2011, when prices were plummeting due to a surplus of inventory.
As a result, it’s currently an extremely good time to sell. Rising values and a lack of inventory mean sellers have a better chance of earning top dollar for their listing.
If you have any other questions, would like more information, or would like my team and me to help you determine your home’s true value, feel free to give me a call or send me an email. I look forward to hearing from you soon.
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