October real estate market update: It is still most definitely a SELLER’S MARKET!
Inventory levels are crazy low – it’s a good thing that interest rates are low too, because prices might be ticking up in some places and the upward swing of prices is predicted to continue into and through 2021.
Still though, many of the people who are buying are buying because they want to, not because they need to – that’s holding prices to reasonable levels.
Don’t worry, this is NOT a repeat of 2008.
If your house is on the market and you aren’t getting showings or offers you need a serious sit down with your Realtor. It’s a seller’s market, every house should sell in a seller’s market; you need to know why yours isn’t!
Low interest rates coupled with low inventory and high interest on the part of city-dwellers wanting to move to less densely populated areas has created a perfect storm for anyone wanting to sell their home! (If your home is listed with a Realtor, this is not a solicitation of your business.)