Usually, winter months are a little slower for real estate. This winter, however, looks like real estate might keep running at full speed.
COVID has changed a lot about how homebuyers shop – with many working and attending school from home, future homeowners are looking to upsize. Working from home also means a better opportunity further away from city limits.
Realtor.com®’s Chief Economist, Danielle Halle, explains, “If [the trend of buyers sticking around the housing market later than we usually do this fall] continues, we will see more buyers in the market this winter, too. So this winter is likely to be a good time to sell.”
And if that isn’t enough proof for you – 71% of homes sold in September were on the market for less than a month!
Low inventory combined with record-low mortgage rates will mean for an interesting winter season.
For more real estate news, stop by Alliance Title’s Blog for more.