The Market In Fall

As summer is coming to an end and everyone is starting to think about back to school, sweatshirts, bonfires, and pumpkin-everything; the real estate market should be slowing down. Right?

Although real estate is a 365 days a year business, there is definitely a cycle to the market.  Typically fall is when the market starts to slow down from the spring and summer rush, however, according to recent forecasts for the fall market there is very little slow down this year.  A recent Redfin forecast stated that not only is the fall market holding steady, home buyer demand is still very strong.  Nevertheless, there are some things to be concerned about.  There has been some talk of the rates going up in light of the economy growth in the past few months. With prices continuing to rise due to greater demand, buyers are worried about paying too much: making some more hesitant to make an offer.  Sellers seem to be hearing this loud and clear and many are dropping their prices which is starting a trend toward a buyer’s market in the coming months. 

(No one really knows what the market will do in the next few months but we do know it's not slowing down right now and there are a lot of benefits to buying and selling in fall; but that’s a topic for a different blog.)

Cynthia Schmier, Broker/Owner 
CRS, CDPE, CNE, CIAS, MDI, 5-STAR, SRS
RE/MAX CountryCynthia@Cynthia-Online.com
(360) 400-3475
www.cynthia-online.com