2018 Real Estate Forecast

Some takeaways from this recent realtor.com article, the gist of which is … it continues to be a great time to sell!

  • Rates are lower now than they will be by year’s end.
  • Low inventory means buyers are making more concessions and creating bidding wars. (Though inventory will increase by the 4th quarter of the year.)
  • Prices still on the rise, though not quite as drastically as 2017. (Again, sell sooner than later if possible.)
  • The market is experiencing an influx of millennials which means first-time home buyers. This translates to demand at all price points. (Millennials competing for starter homes means more money for the seller to upgrade with.)

Got questions? I’m happy to answer!

https://www.realtor.com/advice/sell/reasons-to-sell-your-home-in-2018/

 

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