Q: What’s Going On In Our Market?
In our first market update, I’ll cover the highlights of our market conditions.
What can those who are thinking about buying and selling a house in the coming months expect from our market? Here are a few things to highlight:
If you’re thinking about selling in the next three months, you should be in good shape. We still expect to see those people who got new jobs moving into the area; big businesses have been coming to Georgia and our local area. Additionally, people will still be going through all sorts of life changes that necessitate buying a new house. That means there will be plenty of buyers in the market to bid on your property.
Right now in Bartow County, there are 160 homes for sale; in Floyd County, there are 130 homes for sale; and in Gordon County, there are only 62 homes for sale. That shows that there are still a lot of opportunities out there.
If you’re thinking about buying a home, you might be wondering if now is a good time. Yes, it really is—interest rates are very low at the moment. Sellers are definitely getting top dollar, but the 2.5% interest rate that we have makes up for the difference as far as buyers’ interests are concerned. Don’t expect interest rates to be this low again in the near future though, take advantage of it now.
There are still a lot of opportunities out there.
If you have any questions about your particular property, don’t hesitate to reach out to me. I’d be glad to help you.