As summer winds down and we approach Labor Day, we’re noticing a familiar trend in the real estate market: a seasonal drop in inventory levels. Every year, the weeks leading up to Labor Day typically see a slowdown in new listings as sellers take a final summer vacation or prepare their homes for the post-holiday market.
This year, however, brings a unique twist. With federal interest rates at their lowest point all year, we’re anticipating an even larger influx of inventory once Labor Day passes. Savvy sellers recognize that these favorable rates are likely to attract motivated buyers eager to take advantage of the market conditions.
For buyers, this means the time to get ready is now. The brief lull in listings gives you a chance to prepare, so when the floodgates open after Labor Day, you’re ready to act quickly and secure the home you want. For sellers, the message is clear: If you’ve been on the fence about listing your property, this upcoming period could be your golden opportunity.
Get ready for a busy fall market with more choices and competitive rates, setting the stage for a dynamic season in real estate!
Any questions on how you can take advantage of changing market conditions, please email me at John.Moylan@randrealty.com