The number of pending home sales has dropped by as much as 2.8% in recent months! Is this a sign of a downturn in the market? NO…the opposite is actually true! There are lots of buyers currently looking, but not enough homes on the market to meet their needs.
Homes that are competitively priced are selling quickly, and with multiple offers in many areas. Despite the fears of rising interest rates, long-term rates are stable, which means it is a good time to buy. With all these buyers looking for homes, it is also a good time to sell!
If you are planning to sell soon, take advantage of this market! Contact me anytime to schedule a free home valuation.