Here is what you need to know if you’re a seller thinking about entering the market.
Higher Mortgage Rates. More Available Homes. Lower Demand. And Significantly Longer Market Times.
Open House directional arrows are everywhere. And homes are sitting. The market is no longer instant and property pricing is absolutely crucial to find success.
Interest rates have skyrocketed since the beginning of the year and affordability has taken a massive hit. As a result, buyers have backed off. Demand is at its lowest level since 2004.
If you are planning to sell, steer clear of ‘testing’ the market to see how far you can stretch your asking price. Call us today for a free home valuation.
