Here's a little something the housing market doesn't always take into consideration. People still buy homes cyclically - regardless of market conditions, or low inventory, or even interest rates.
There are job relocations, growing families, rising rents and plenty of other reasons why people are not going to sit back and wait for their dream home to find them.
We all know spring is a popular time to list a home because it gives people the opportunity to transition over the summer. Equally time-sensitive is fall, with the holidays dangling like an ornamental finish line.
The fact that interest rates have just dropped to their lowest level since June (30-year fixed rate mortgage averaged 4.22% as of Thursday), there is even more incentive to get moving.
Unlike some branches of government, when homebuyers aren't getting exactly what they want they don't shut down. In other words, when the going gets tough, the tough get down to business.
Sellers, there are plenty of motivated buyers out there working hard to get into a home just like yours by the holidays. This fall housing market is like no other and you don't want to let a great opportunity pass you by. Call us today for your free custom market analysis.