What's Up with the Market

Posted by Kathye Warfield on Jan 22, 2021 in News

The 2020 Market turned out to be one of the best markets in years.  There was a slowdown somewhat with the COVID news...but it didn't last long.  Interest rates were amazingly low and the inventory was low.  The low inventory makes it a seller's market.  With interest rates historically low (I know...we've been saying that for years)...many first time homebuyers will "jump in".  In fact, the market turned out to be so good that buyers found themselves in multiple offer situations.  Sellers were not accepting contingency contracts unless the buyer's home was already under contract and hopefully past the option period.

This year may be a repeat of last year....it's too early to tell yet.  Listings are starting to hit the market already.

As always...we are here to help you buy or sell!

Kathye Warfield, 281-787-3750 (Mobile)