Our current market conditions make this a great time for buyers to act.
Over the last couple of years, high buyer demand and limited supply created a frenzy in our real estate market. Now the market has shifted, which has created new opportunities for buyers. Here are three reasons why it’s a fantastic time to purchase a home:
As the market shifts, one great thing for buyers is that there are fewer multiple-offer situations, which gives them a better chance of actually getting an offer accepted. Along with the reduction in bidding wars, there are also fewer offers for over asking price. In previous markets, we saw properties sell for 61% over asking! Our increasing inventory levels give buyers more options to find the right home.
Ultimately, it’s still a competitive market, although conditions have begun to cool down a little.
If you have any questions, feel free to reach out to the Taylor Team by phone or email. We’d love to help navigate this market.