Where is the real estate market headed this year?
We project prices will continue to rise BUT not at the same rate they have been over the last several years. Over the last several years, many people have financed their homes at 2-4%. With interest rates currently at 6%, those people are not selling and this has caused an inventory issue. We do not have enough homes for sale.
If you are waiting for prices to go down, you will be waiting for a long time.
Home owners/seller - this is an advantageous market for you.
Home buyers - we are in a competitive market. How you structure your offers will matter. If you want to save time and money when buying your next home, join us for a FREE virtual happy hour workshop on Zoom as we share the secrets to The Home Buying Process on Thursday, February 23. Click link in below:
If you have any questions about buying or selling, email me at Blake@thedavenportgroupre.com!
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At The Davenport Group, we are obsessed with delivering an unmatched real estate experience.
If you are looking to purchase or sell a home, we would be honored to help you find your place. 🏡
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