How's the market? That is a question we are asked daily, and it is a great question, as the answer is always changing. There are also several layers to the question.
Are you looking to buy? ✅
Now is a great time to buy, as interest rates are only going up from here. Investing in a new home while interest rates remain low, will help you afford more house for a lower monthly payment, compared to when rates rise 📈
Are you looking to sell? ✅
Inventory is low, very low, which creates a perfect situation for sellers 👌. Right now listings that are priced right are moving very quickly, sometimes with multiple offer situations that allow the seller to choose the most appealing terms.
Earlier in the year, the Rhode Island Association of Realtors reported that the local market was behind the pace of January 2017, however last month the RI Real Estate market jumped ahead of 2017 by 4.5 percent. While the rest of the Northeast had sales decline by 12.3% in February, Rhode Island is surging into the spring market on a great note 👍
Regardless of whether you are looking to sell your property, purchase your first home, or sell your first and move up into your forever home, now is a great time. Take advantage of the low inventory to sell, and low interest rates to purchase and invest.
Our team is always here to help and answer any questions you may have. We have also prepared our guides to buying and selling on our website.
10 Step Guide to Purchasing Your Next Home! Buying a home is a big decision & there...
Guide to Selling & 21 Point Marketing Plan Where Did Buyers Find The Home They Purchas...