Fall Market Outlook: A Promising Season for Buyers and Sellers

As we transition into the Autumn Market, there's encouraging news on the horizon—mortgage rates have reached their lowest levels of the year, creating fresh opportunities for both buyers and sellers. After peaking above 7.25% in January, rates have been steadily improving month over month, now hovering around 6.34%.

This drop in rates comes at an ideal time. Traditionally, the fall season brings a gradual decline in both housing inventory and buyer activity. However, this year is shaping up differently. With affordability improving, many buyers who had previously been priced out are re-entering the market. As a result, we're seeing rising demand just as inventory begins to tighten—a dynamic that could lead to a faster-paced market.

If you’ve been considering making a move, now may be the time. Lower rates are creating better purchasing power, and motivated buyers are stepping back in. For sellers, this renewed interest means a more competitive environment and quicker market times.

As always, we’ll be watching economic indicators closely, as shifts in the market are often influenced by broader financial trends. But for now, the fall real estate season is looking more active and optimistic than usual—and that's great news for everyone involved. Contact me for details on your local market. 

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