2019 Housing Market- What you need to know…According to the National Assn. of Realtors
For Buyers– 2018 started off hot- but things began to change with Buyers being frustrated with the high prices and few choices. We saw many Buyers deciding to wait it out rather than pay up. In 2019 affordability will still be a concern with Buyers due to the increase of mortgage rates. The upside to that is more homes will be on the market in 2019 with fewer buyers to compete with.
For Sellers– Again, 2018 started off with a bang for sellers, but those days are over. Sellers will need to be ready to cut the listing price or price more competitively and realistically. It’s still a seller’s market – but not like 2018. Sellers will need to be aware of their competition and maybe even offer incentives to get the deal done.
If you would like a Free Market Value Analysis of your home- PM me and let’s make it happen.