There is no doubt that the world feels a little nuts right now. The holidays are coming up fast. The time change FINALLY happens this coming Sunday on November 6. Between interest rates and inflation, you might feel as if your head is spinning trying to keep up!
When it comes to the real estate market, there are all kinds of assumptions being made too. If you’ve considered buying or selling your home in the next few weeks or months, you might even wonder if you missed your window. I assure you, that isn’t the case at all!
In spite of the economic changes going on, the real estate market is still in good shape. Homes are still selling and home prices are remaining steady. In September 2022, I unexpectedly had my best month ever. In light of these facts, let me share a few important things to remember.
In spite of what you might have heard:
Home prices remain steady and consistent.
A few homes are staying on market “longer” than they were during the previous two years, but this is actually “normal”.
No change in the market has actually happened, nor does the data suggest there is a change happening soon.
The fall season and the holidays are ALWAYS slower in the real estate market. Things will pick back up in January of 2023 just as they do in January of every other year.
Something else I like to remind folks is that just because your neighbor’s or your friend’s home sold for X price in Y number of days does not have any impact at all on what might happen with your home. If you really want to know a good sales price for your home and how many days on market you might expect before you get an offer, call your broker and ask! It’s like looking for any other data. Go to the source to get good information. I’d love to chat with you about your home. Give me a call when you’re ready and we can talk real estate in Los Alamos!
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