I’m sharing my 2020 real estate market predictions.
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Welcome to 2020! Happy New Year, and I hope your holiday season was wonderful. People ask me constantly about what’s going to happen in the market this year. When determining this, we look at supply and demand, the level of inventory, the rate of sale, and what’s happening in the economy. A slight change in any of these factors can change what happens in our real estate market.
Here in January, it looks like 2020 is going to be similar to 2019. It’s going to be an excellent market, prices will continue to appreciate,and I see a lot of opportunity for both buyers and sellers with a more balanced level of inventory.
If you are considering selling a home, there’s a misconception that often happens this time of year. People think spring and summer are the best times to sell. When everyone thinks that, inventory goes up and sellers have more competition.
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I see a lot of opportunity for both buyers and sellers.
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Putting your house on the market in the winter allows for less competition and to achieve the best possible price. Then, when more properties come on the market, you’re ready to shop for your next property.
If you know someone who may be buying or selling, please remember us. You can reach us by phone or email. We would love to help.
