Buyers need to know about these three awesome opportunities in our market.
Are you a buyer that’s on the fence about entering the market? Well, we’re here today to talk to you about great things happening in today’s market for buyers. There are three really big opportunities we’re seeing.
The first opportunity is the rise in inventory. We have seen a 41% decline in showings from July to August. What does that mean for you as a buyer? It means less competition and more houses for you to view!
“You’re only dating your interest rate, not marrying it.”
The second is the rise in days on market. We are starting to see an increase in the number of days that a home stays on the market. In Wake County, we’re seeing an average of 15 to 18 days that homes are sitting on the market. That means you have more negotiating power, which allows you more flexibility with your offer terms to help you win your dream house.
Lastly, interest rates are a hot topic in today’s market, especially for buyers. While interest rates are and have been on the rise, they are still at historic lows. Also, don’t forget you’re only dating the interest rate, not marrying it. There are always opportunities down the road to refinance when those interest rates drop.
For all the possible buyers out there that have questions about our ever-changing market, please reach out to us. We are always happy to help! You can call us or visit our website here.