As or September, home sales have reached an annual high. The market’s picking back up, so it’s time for you to buy!
“Existing-home sales bounced back in September, surging to the highest annual pace of the year, according to the latest report from the National Association of REALTORS®. All regions except for the Midwest reported gains in sales last month.
“Low interest rates and price gains holding steady led to September’s healthy increase, even with investor activity remaining on par with last month’s marked decline,” says Lawrence Yun, NAR’s chief economist. “Traditional buyers are entering a less competitive market with fewer investors searching for available homes, but may also face a slight decline of choices due to the fact that inventory generally falls heading into winter.” ”
Regardless of the set backs of the holiday season, a less competitive market could be exactly the push you need to get out there and buy or sell! If you need someone to guide you through the process of analyzing the housing market, you can always contact a trusty associate at Century 21 Riverpointe.