In November we saw interest rates start to come down..finishing close to 7%. Fingers crossed the 8% rate we saw in October was the peak and we are now on the downward slope. Experts are pretty confident that the Fed will not hike rates this week and that with inflation cooling the Fed will start cutting rates by mid 2024.

Interest rates hit 8%, the highest in 20+ years. Home sales continued to slow as a result. Rates dipped in the first week of November but are already creeping back up and the Fed may have one more rate increase coming in December.

So will prices or interest rates come down anytime soon? Probably not. Inventory in Columbia County remains tight overall, which will keep prices stable.

But there’s a lot of price adjustments happening right now, so the market is heading for a crash, right?

August saw a dip in new listings, but active listings are at the highest level for the year, but they’re still at a historically low level.

36% of active listings (93) are below $500K, but this price range makes up 54% of all sales year to date

34% of active listings (88) are between $500K-$1M, this price range makes up 33% of all sales year to date

29% of active listings (75) are over $1M, but this price range only makes up 13% of all sales year to date.

Have you been thinking it's time for a move, either downsizing, moving up, or relocating? Have you been thinking about selling your home but not sure where to start? Are you curious if everything you’ve heard recently about the real estate market is true?   🏡💰🤔

Is it time to downsize? Are you thinking about selling your home and moving on?

Or

Are you running out of space and thinking it’s time to move up into a larger home? Wondering how to navigate buying and selling at the same time?

Come to my next seller seminar and learn everything you need to know to get your home ready to sell and what to expect from listing to closing.

Owning a home means having a place that’s solely your own and provides the space, features, and location you and your loved ones need. But what happens when your needs change? If this hits home for you, it may be time to make a move.

Over the last year, the housing market’s gone through significant change. While it’s still a sellers’ market, homes that are priced right are selling, and they get the most attention from buyers right now. If you’re thinking of selling your house this spring, it’s important to lean on your expert real estate advisor when it comes to setting a list price.

So…if you’re thinking of selling this spring — here are 8 things you need to do now to make sure your home is ready to stand out against the competition, attract the widest audience of buyers and earn you top dollar.

Thinking of selling in 2023? Want to know what your home is worth?Attend our FREE Seller Seminar on Saturday, February 25th at 10am at Beach & Bartolo Realtors in Chatham