How Has the Lack of Inventory and Bump in Interest Rates Affected the Market?

As we progress through fall, the market is still fantastic. Homes are still selling and we are steadily improving by 2% each month. The lack of inventory on the market is keeping homes moving and often above asking price. The bump in interest rates has actually improved the market because people have gotten off the fence and locked in their interest rates and purchasing before they go up any higher. The market is clearly in favor of the sellers as long as the home is priced right.

If you have any questions about the market, don’t hesitate to call me at (435) 701-0448 or email me at samdodd@gmail.com. Thanks for stopping by and make sure to look at the free home evaluation tool. Have a great day!