According to the Chief Economist at Realtor.com, the 2019 real estate market will no longer be a Seller’s Market but rather transition to a Balanced Market as inventory levels increase by 7% annually. The cost to buy will continue to rise due to demand and higher interest rates which are projected to track towards 6 percent. According to Zillow, a slower market will provide Buyers more options and greater windows of time to make buying decisions and the market will experience fewer multiple offer scenarios. Further, “people still think it is a good time to sell, but it is not as favorable as it was last year.”
It would appear 2019 will be a pivotal year as the real estate market cools and returns to a balance between buyers, sellers and renters. Give me a call at 239-273-4006 to learn how the changing real estate market may impact your buying or selling needs. I look forward to hearing from you.
Author:Fay Bamond Phone: 239-273-4006 Dated: December 3rd 2018 Views: 1,115 About Fay: ...
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"From the moment I was introduced to Fay I knew I was dealing with a professional. She assessed what we were looking for and did her research. The next day my wife and I went out with Fay. It was evident she had done her homework. By the end of the day we made a decision on a condo. She negotiated with the seller on our behalf and got us the best price. Anytime someone asks for a real estate professional in Naples I immediately give them Fay’s email address and phone number. I tell them they are in excellent hands with Fay. She will always have you in your best interest."