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: 3,410 About Fay: ...
"We met Fay 3 years ago as we began our journey to the Naples real estate market. Throughout our entire experience we found Fay to be an outstanding resource as we evaluated a series of alternative properties. When we decided to commit, Fay was attentive, responsive and fully represented our needs during the transaction. We are very satisfied with the entire process and would enthusiastically recommend Fay for all of your real estate needs.