From The Desk Of Ryan Reynolds – October Market Comments

From the Desk of Ryan Reynolds...

October already! 

It still feels like summer (for which I’m thankful!) and the real estate market is waking back up after a late summer snooze!  August and September were much less busy in terms of the volume of inquiries and days on market stretched out from hours to days and in some cases weeks.  The last week of September and first week of October saw a significant uptick in traffic that will likely lead to a strong fall and early winter real estate market.  The inventory of homes for sale is still low and interest rates remain low which are good conditions for prices to continue to rise, which lowers affordability, and at some point will cause the market to shift.  Much like the stock market, the real estate market changes on a daily basis.  If you just listen to the headlines, what you hear will be weeks or even months behind what is actually happening.  Fortunately, my team and I study the market every day to stay on top of the changes and help our clients to make the right real estate decisions.  If you or anyone that you know are thinking of buying, selling, or investing in real estate, call us, we can help!

Helping YOU is what we’re here to do!

 

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