Blog > What’s Going on in Our Fall Market?

What’s Going on in Our Fall Market?

by Maloney Real EstateOctober 21, 2020

Here’s a look at what we might see in the fourth quarter of our real estate market.

Inventory is currently incredibly low, and that’s been the case for the last couple of years. Now, with our historically low interest rates, we’re still seeing lots of people who are interested in buying. The usual market seasonality seems to be gone this year. The only thing that seems to still be on trend is that our already low inventory seems to be getting lower.

If you’re on the fence about whether or not to list your home, know that ours isn’t the desolate market that you’d have seen in the ’80s or ’90s. Someone in our community recently listed their home and they had 19 showings in just three days! Now is the time to sell your home.

Ours isn’t the desolate market that you’d have seen in the ’80s or ’90s.

Since interest rates are incredibly low and home prices are holding steady, now is a great time to buy. We’ve had a lot of buyers reaching out to us to get qualified, and they’re still coming in at a steady pace. When people make offers in this market, there’s typically an eight-week turnaround before closing, which at this point would almost take us to the new year.

If you have any questions about buying or selling a home, don’t hesitate to reach out to me. I’d love to help you.

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Michelle Maloney CRS, GRI

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