Feeling uncertain about what to do in this unpredictable market? You’re definitely not alone! Many clients have been reaching out, wondering if they should sell, wait, or if interest rates are going to drop anytime soon. While predicting the market is never an exact science, we do have some key insights to help make things a bit clearer.
For starters, there are nearly 30% more homes on the market in 2024 compared to this time last year, which is great news for buyers looking for more options. And, for the first time in four years, the Federal Reserve has cut rates, causing mortgage rates to approach the high 5% range. This could create a unique window of opportunity for both buyers and sellers.
Experts also predict that the number of homes available will continue to grow, potentially taking another 18-24 months to reach pre-pandemic levels we last saw in 2019. This means we may be in the early stages of a more balanced market—making it a good time to weigh your options.
So, if you’re thinking about selling but not quite sure if it’s the right move, the best first step is to get a professional home value report. I prepare these every week for my clients, giving them a clear picture of their home’s value and helping them make confident, informed decisions. If you’d like to know what your home is currently worth, feel free to reach out—I’m here to help you navigate this market!
