As we begin to move further into the new year, what’s on the horizon for our real estate market? I’ll answer that question in my 2019 market forecast.
Looking for a home? Click here.
Selling your home? Click here.
In response to some recent questions I’ve received about what’s to come for our 2019 market, I’d like to lay out my market forecast.
The commonly held view by myself and others in the real estate industry is that we’ve reached the “top of the mountain,” so to speak. After so many years of growth, the market has to hit its ceiling and begin to level off.
In our case, the market has been trending upward for about seven or eight years, and a slightly more stabilized market is likely on the way. From what I’ve read and seen in the field, prices have begun to level off and inventory is snowballing. Increased inventory causes competition among sellers to pick up, and that’s how you get more level, or even lower, prices.
The market has been trending upward for about seven or eight years, and a slightly more stabilized market is likely on the way.
If selling your home sometime in 2019 has been on your mind, now is definitely the time to become more serious about it. The sooner you get the process in motion, the greater the chances you can maximize the sale price of your home.
It isn’t just sellers who can find great opportunities in the market right now: Buyers can still enjoy considerably low interest rates. If buying in 2019 is on your agenda, you don’t have to be deterred by the market reaching a high point. Low interest rates keep the door open for buyers to still get a great deal in 2019.
In summary, it’s a great time to buy or sell in our market. If you have any more questions or you’re thinking of buying or selling a home soon, don’t hesitate to reach out to me. I’d be happy to help you.