Welcome to a Normal Market?
As we head into the 4th quarter we are starting to see a normal market. What does this mean? Prices are leveling off and interest rates are still at an all-time LOW! From The chart below you will see that inventory of homes has been on the rise since December and leveled off since May.
Just in the past weeks we have seen interest rates drop. Rumor has it that the Feds are aiming for interest rates to rise in the 2nd quarter of 2015. So if you’re on the fence to buy…you better jump OFF!
It is still a great time to sell, but be prepared for homes to stay in the market a bit longer than 1 week! This is not a bad thing at all, just a sign that things are becoming normal and steady in the real estate market. We have seen prices stay steady the last 3-6 months.
There are 12 reasons to sell your home during the 4th quarter:
- Motivated buyers are looking during the holiday season
- Builders will be releasing more inventory come Spring
- Less competition
Want to know the other 9 reasons? Give The Russell Group a call and let us help you get your home SOLD and you in a new home to kick off 2015 with a BANG!