Friday, November 29, 2019 / by Kylene Emery
Hello and Happy Thanksgiving! I hope you all had a great holiday!
It’s time for my weekly market update, and as you might imagine, it has been a slow week! There is very limited inventory on the market right now and there are still buyers wanting to find a new house before the end of the year, so many home sellers are still seeing multiple offers on their homes.
If you are a seller, this is quite a unique situation. Typically, when the market slows down in the fall, houses take longer to sell, but currently houses are still selling fairly quickly, and prices have remained strong.
If you are a buyer, it is still going to be a challenge to find your next home. Between the limited inventory and the abundance of buyers, you will have to really strategic! There is good news though. There are far less buyers in the market now than there will be in just a few months. In addition to this, prices are expected to increase as spring comes around. So, if you are looking for a home, you can potentially save quite a bit of money and not have to compete with as many buyers if you buy a house in this winter market.
I know this can all seem overwhelming, but feel free to reach out. I would be happy to talk over your particular situation! Have a great weekend!