Sharing some great news for sellers about today’s housing market.
We’re approaching the end of January, which doesn’t even seem possible! As we start the year off, I am here to share some good news about today’s real estate market.
First, know that interest rates and inflation are starting to settle down. Accurate numbers just got posted that show 6.45% inflation, which is down from 7.11% last month and 7.04% a year ago. As inflation comes down, interest rates will follow, which are currently settling at around 6%.
As a result, the market is getting busier for buyers, which is unusual for the seasonality of a normal January market. There is a shortage of sellers, but today I want to encourage sellers that if you’re thinking about coming onto the market, now is a great time. Inventory is still low, demand is high, and buyers are getting less afraid of interest rates. Therefore, if you’re on the fence, know that we have plenty of buyers for you, at all price ranges.
If you’re interested in talking to a real estate professional about what your home is worth and what you can do to create a more successful sale, reach out to me. Call me anytime—I would love to hear from you! Also, you can visit my website to track the market in any community in the country.