Are you planning to buy a new home or sell your current one this fall? Is this a better time for buyers or sellers, and is there any merit in waiting until spring?
“The real estate market is pretty balanced right now. It’s not super-hot, but not quiet either. It’s decent and strong. I think it will get even busier in the coming months,” he says. This is definitely good news. Over the last three years, the city saw many out-of-town buyers, which has since slowed down. Having local, younger buyers looking for homes of their own in the last two years is keeping the market propped up.Buyers should ask their REALTOR® questions, stay engaged, and keep up to date on market trends. He suggests, “You might also want to chat with your banker now that the rates have dropped; you could qualify to borrow a higher amount.
“Waterfront properties are always nice to show, but I always enjoy showing my new builds that I have listed in the Greenfield subdivision. It’s always nice to show my client FICMAR Builders’ quality work.” Sellers need to adjust their expectations. “The market is still good, but many are caught up in memories of the Covid market with out-of-town buyers and multiple offers. We are still seeing that, but not as frequently.
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