While the market is cooling along with our weather, seeing 20-30 offers on one property may be a thing of the past. The spring and summer months were emotionally exhausting for many buyers as they lost out on home after home to a competing bid. It is still a seller’s market, which means there is less than 6 months of inventory.
Expect to see multiple offers on the best properties- i.e. those which are properly prepped and priced well.
The process will be less tense.
Those buyers that lost out in the spring and summer are back in the market.
Home values are expected to continue to rise.
Rates will be creeping up, causing the buyers to want to act sooner rather than later.
Foreclosures will happen, but not at a rate of a “crash” or enough to bring housing prices down.
If you had any thoughts of selling in the spring, reply back. This is the time to take exterior photos (before the snow!), get a game plan on any repairs and simple improvements that increase your value. You want your home to be the best of the best so it will receive competing bids.Are we connected on Social? I’m always sharing homeowner and market updates and cool things going around our area. What platform are you on most of the time? You can reach me on Facebook, Instagram and LinkedIn.