Here are the latest news and notes from our local real estate market.
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The real estate market is currently experiencing a boom. Our clients have seen many showings, multiple offers, and increased sale prices—much more than expected. The average sale-to-list-price ratio is about 99% right now. Both inventory levels and days on market are at 20-year lows.
Mortgage rates are at 50-year lows—though they’re slightly increasing, so we’re keeping an eye on them. We currently have a list of buyers who are ready to purchase and just waiting for new homes to hit the market. So if you’re considering selling your house, now is the time. Your property is worth much more than you think it is.
If you have any questions or would like a complimentary comparative market analysis, please feel free to reach out to us via phone or email. We would love to be your real estate resource.
