Although home sales are still well below historical norms for February, they are up over last year’s record-breaking low and are predicted to continue to increase over the next few months. This is mainly due to low inventory and the fact that interest rates have remained stable and are expected to drop by the end of this year.
BUYERS: If you’re sitting on the fence to purchase, you should start shopping now, since prices will continue to increase while interest rates decline.
SELLERS: If you’re on the fence to sell, now is the time, while inventory remains low, you can take advantage of bidding wars and getting the most for your property.
Contact me if you would like to discuss strategies and the market, at your convenience.
