Is Now the Right Time to Enter the Market? Here's What We're Seeing.

We’re noticing an important shift in the housing market, especially in the time homes are staying on the market. Median time on the market has increased to 31 days, up from 21 days earlier this year. Here’s how this trend could work to your advantage, whether you’re actively in the market or just starting to think about it!???

1. Better Negotiating Position With properties lingering longer on the market, buyers have more leverage at the negotiating table. Flexibility on price, seller concessions, and terms are much more accessible, creating opportunities that didn’t exist a few months ago.
2. More Informed Decision-Making The pressure to submit immediate offers has eased. Now, you have the time to evaluate properties thoughtfully, conduct thorough inspections, and make well-informed decisions about your future home and investment.
3. An Ideal Market Moment Right now, we’re seeing a rare combination of factors: less competition, stronger negotiation positions, and improved interest rates. It’s an alignment we haven’t seen in a while.

Looking Ahead In the coming months, we expect further rate improvements, a gradual increase in buyer activity as rates drop, and ultimately, a return to a more competitive market. That means the current buyer-favorable conditions may not last long.

You might be wondering,?Why not wait for rates to fall even more??Here’s the scoop: when buyer interest picks up, we anticipate prices will start to rise too. Acting now means benefiting from lower competition and motivated sellers, and starting to build equity sooner.

Our team is here to guide you. For a personalized analysis on how these current market conditions align with your goals, give us a call at?866-CALL-HALL.

Best regards,

David