Wednesday, September 23, 2020 / by Traci Pimentel
Market Update: This Is Unusual For Fall.
This past week we've seen a slight dip in Sold properties in comparison to the previous week, however the increase in Pending home sales balances things out. In addition, we've also seen 'Under Contract' homes tick up. New Listings hitting the market are hovering within single digit changes week over week. Inventory continues to remain incredibly low. There's no denying we are in a Seller's Market.
This Seller's Market is unique though. Buyer's are taking advantage of the all-time-low mortgage interest rates available. In today's market, it's not about the price, it's about the payment. Even though sellers are benefiting from minimal days on market, multiple offers and above asking price offers,
buyers can afford more home than ever before.
Summer home buying season continues to show resilience against the usual fall slowdown as prices continue to hit new highs and homes sell faster than ever before. Buyers are clearly scooping up ...
This Seller's Market is unique though. Buyer's are taking advantage of the all-time-low mortgage interest rates available. In today's market, it's not about the price, it's about the payment. Even though sellers are benefiting from minimal days on market, multiple offers and above asking price offers,
buyers can afford more home than ever before.
Summer home buying season continues to show resilience against the usual fall slowdown as prices continue to hit new highs and homes sell faster than ever before. Buyers are clearly scooping up ...