We’ve all heard the saying, “Timing is everything.” But when it comes to real estate, is it really that straightforward? Let’s break it down.
Home Prices Are on the Rise
In October, the median home price climbed to $407,200, marking a 4% increase from last year.
National Association of Realtors
This consistent uptick means homeowners are building equity as we speak.
Sales Are Picking Up
For the first time in over three years, existing home sales have increased year-over-year.
National Association of Realtors
Even with higher mortgage rates, demand is growing. Historically speaking, these numbers are still low, but the upward trend is clear.
Inventory Is Growing, Too
More homes are hitting the market, which could mean more competition.
So, What’s the Takeaway?
The “perfect” moment is rarely obvious. It’s about crafting the right plan for your goals and understanding current trends.
I’ve guided clients through markets just like this. Whether you’re considering selling soon or just curious about your options, I’m here to help.
Want to know what your home’s worth today? Reach out, and I’ll send over a personalized market snapshot. No pressure, no strings attached.
p.s. Rising prices mean rising equity. Are you sitting on more than you think? Let’s find out together.
