While homebuyers can still find some great deals on new homes, the change in our local markets have put many home owners in a better position to sell- and sell quickly.
The decrease in inventory linked with low low interest rates has helped increase demand. Homeowners who have been hesitant to make a move, may now find themselves in a better position to list their homes. Professional realtors across the area have been reporting signs of market recovery.
Inventory has been falling, home starts are increasing, and home prices are beginning to inch back up. As we head into the crucial Spring real estate market, it looks like homebuyers in popular areas, such as Newtown, may even be facing more of a seller’s market with greater competition from buyers than we have seen in recent years.
If you’re considering a move, talk to a local real estate agent to find out if this is a good time for you to sell your home or buy a new one.