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Fall 2021: A buyers market?

Posted on 10/11/2021 to General

Real Estate For Sale

Its been a rough year for buyers, with most putting in multiple above-asking offers on several properties before snagging one.

However, the tides are turning in your favor! In April of this year 74.3% of offers were immediately engulfed in a bidding war. Last month that number was reduced to 62.1%, according to South Florida’s ‘The Real Deal’.

Despite the persistent gap between supply and demand, prices are also showing signs of stabilization, with interest rates at a historical low! 

Although this is great news for the fatigued buyer, experts predict that it won’t stay that way for long. Its forecasted that interest rates will increase by 0.5% in 2022. This increases the median price of a home by approximately $10,000!

So why wait? Lets discuss your plan for buying your dream property. Book your complimentary buyer consultation today! Link in Bio.

By Clara Palacios
Sales Associate | Realtor®

https://therealdeal.com/miami/2021/09/15/pressure-on-home-shoppers-eases-as-bidding-wars-hit-2021-low/

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