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2022 started strong with high demand and low interest rates, however, the significant increase in interest rates has slowed the market slightly, although inventory is still very low.
Most notable? The uptick we are starting to see every week in “back on the market” homes and 𝐩𝐫𝐢𝐜𝐞 𝐝𝐞𝐜𝐫𝐞𝐚𝐬𝐞𝐬.
These two factors are the best indicators that the market is adjusting, and while prices are NOT GOING DOWN, they are not escalating at the insane rate they have been over the past two years.
This is great news for buyers, as we are seeing a slight shift. Thinking of selling? You haven’t missed the boat … yet. It is STILL a great time to sell, however you may want to take pricing advice from your agent more seriously, and any other professional advice to help get your home ready so that you can get top dollar.
If you have questions about what’s happening in your neighborhood, give me a call. I’d be happy to answer any questions you have or provide a free market analysis — your home could be worth more than you think!