January 24, 2023
We try to keep the market updates to once a month, but we promise this is important. Our real estate market has normalized these past 1.5 - 2 years meaning there is seasonality to the market now and it is not a constant flurry of activity. In a typical market, we see a pause around the end of October and activity picking up in the 2nd or 3rd week of January. The activity was delayed this year due to the storm, and just as last week's newsletter went out the rain ceased, roads dried up, listings appeared and buyers responded. We are seeing dozens of groups tour every open house and we are once again in a multiple-offer scenario with the property showcased and priced homes.
As we know by now, the future of the market is anything but promised. Right now is a good time to put your property on the market. In a multiple-offer scenario, we can always expect cleaner, more aggressive offers, and we can counter to secure better results. If you are a buyer, this is less desirable than the previous 90 days, but there will be more properties on the market that you can choose from, do take advantage of the current market as in a typical market activity climbs between now and Autumn.
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