With low inventory, and historically low interest rates, the housing market is expected to continue to stay strong through the remainder of 2021.
Here are a few current market trends, as well as insight into where the market may be headed:
prices = high. Will continue to climb, at a slower pace
inventory = low. We have seen a slight uptick, however it is still a strong seller's market
interest rates = even lower. They will increase slightly, but still at record lows
days on market = measured in hours, not days. We will begin to see more price decreases and higher days on the market while sellers adjust to the stabilizing market
if you have questions about whats happening in your neighborhood, reach out! I would love to answer any questions you have or provide a free market analysis. Your home could be worth more than you think!