Ever since the COVID-19 pandemic, buying a home has seemed like risky business. However, there is hope! Whether you are interested in buying a new home or selling your current home, learn about some of the more recent home buying trends and see how the housing market may affect you.
Home inventory refers to the number of homes physically on the market versus the number of people looking to buy. As we have seen in the past couple of years, inventory has been low; however, it is on the rise!
What does this mean? | If you are a buyer, home inventory numbers being on the rise is great news; however, home inventory is still not where it used to sit at. For buyers, this means you will have to act quickly when you find a home you love and possibly make some sacrifices. This is the reality of a lean market. If you are a seller, low(er than usual) home inventory means you have less competition when it comes to selling your home. You will more than likely see multiple offers come through; even so, you need to ensure you have set plans before selling. Regardless of if you are a buyer or a seller, Monika DeRoussel is sure to make your dreams happen. Monika has excellent negotiation skills, reach out today to see how she can help you.
Prices Are On the Rise
Unfortunately, prices being on the rise is our reality every year. The good news is that since buyer demand is so high and there is low home inventory, prices will not plummet.
What does this mean? | If you are a buyer in this expensive market, it is smart to not exceed your budget. Remain patient and your dream home will present itself. Home prices rising also means mortgage payments are as well. Keep in mind that Monika has your back and will not pressure you to buy. The key to the current market is to be smart and patient. If you are a seller, an expensive market is good news for you. Be careful to also be patient and not accept the first offer thrown your way- a better one may be around the corner!
How Monika Can Help
As you can see, this market is a tricky one to navigate. Monika has your back and can help you secure your dream home. When it comes to the current home buying trends, she knows the best of them and works with you to find your dream home. Contact her today!