How This New Real Estate Trend Could Affect You

Over the past eight to nine months, Blair County and the surrounding Counties have witnessed the strongest seller’s market in history due to the shortage of homes coming onto the market coupled with low-interest rates, which has increased demand significantly. Some excited homeowners have taken advantage of the inventory shortage by putting their houses up for sale. As a result, they have enjoyed multiple offers pushed well over the asking price with no contingencies.

While sellers are thrilled to maximize the value of their homes during this rare opportunity, buyers are getting increasingly frustrated with the failed attempts to get their offers accepted. Therefore, some buyers have decided not to overpay and instead wait until it’s no longer such a seller’s market. On the other hand, many buyers are cautious about future real estate conditions and are looking to benefit from the low-interest rates.

Fortunately, over the last two to three weeks, there has seen an uptick in inventory, with homes beginning to be available a little longer on the market. However, while the seller’s market may be showing signs of slowing, there’s still time for them to get a fantastic price for their house. There are also strategies to obtain top dollar for their property and then find their next home without overpaying and losing the value gained from the initial sale.

So if you’re considering selling your home, don’t miss out! Get in contact with Coldwell Banker Town & Country R.E. today. With many years of experience, we will help you buy, sell or lease a property. In addition, as a real estate agent and realtor in Altoona, PA, we understand the market from everyone’s perspective, which helps us to facilitate smooth, efficient, and successful transactions for clients. We currently serve clients Altoona, Tyrone, Hollidaysburg, Warriors Mark, Port Matilda, Williamsburg, East Freedom, Martinsburg, Bellwood, Tipton, Spruce Creek, Claysburg, Sinking Valley, and the surrounding areas.

If you have any questions about real estate, please get in touch with us by clicking here. To learn more about the other services we have to offer, please click here.