Feeling Hot Hot Hot?

Hope Stafford

License#: FA.100067585

Feeling Hot Hot Hot?

By Hope Stafford - June 11, 2021

What a HOT MARKET! - Jackie & John MacDonald

 

The Weather is Heating Up, and so is this Real Estate Market!

 

As you can see, we have 8.3% fewer listings than at the same time last year! Crazy considering we were in the midst of a pandemic last year!  But, this means for people wanting to sell, you have the market cornered.  It is pretty common right now to receive offers $30,000-100,000 over your asking price, with appraisal gap waivers, inspection waivers, and closing costs paid.

However, if you are a buyer, even though it is a Seller's Market, you still have rates that are historically low. This means very low mortgages and with prices appreciating so quickly (approximately  3-5% per month), you will have instant equity. People who bought last year at this time have homes that have appreciated approximately 23%! That is amazing!

In summary, whether you are selling or buying, this market is HOT! You don't want to miss the action!

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