We are seeing the strongest market in years. With limited inventory, the scarcity of houses in town, we are seeing buyers compete for property. In the past month, I have personally been involved in multiple offer situations and properties receiving over list price sales offers.
For sellers sitting on the sidelines pondering putting their home on the market - this is the time to proceed. For buyers, get out there and search.. As interest rates creep up, this is your time to lock in a historically low long term rate before they move higher. Despite higher sales prices, a percentage point increase in interest rates FAR outweighs the price you pay for a property over the lifetime of a mortgage.