Typically this time of year is when we can expect to see a bit of a lull in the housing market. With our listings, showings are less as frequent as well. On the contrary, this hasn't been a typical year for the housing market and the buyers ARE out there and they are serious! Due to the housing market showing signs of recovery with home prices on a slight rise, mortgage rates staying at historic lows and far less homes on the market and prices predicted to rise, buyers are purchasing homes while the bottom is still the bottom.
If you are a homeowner contemplating whether or not you should wait to list your home, This may be a good time to list instead of waiting for the New Year or even the Spring market since you will have far less competition. Reports show that homes are selling for 20 percent more than this time last year. So getting that head start can be very beneficial as we have seen homes sell with multiple offers in weeks. There are actually buyers out there who may actually need to purchase right now and be in their new home by the Spring or even sooner. For them, a home may be the best holiday gift.
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