A few key points to note-
- With less inventory and homes spending a shorter time on the market, if you are a buyer, it is extremely important to be READY when the right home hits the market. Think about where you are in the process on a scale of 1 to 10 (1 just starting and a 10 being you would like to find a home today) where would you rate yourself? How can we as your real estate advisors get you to a higher number?
- Media Sales Price, Average Sales Price, and Percent of List Price Received are huge increases to note especially if you are considering selling your home in this market.
**Data from Cape Fear Realtors**
- Mortgage rates are forecasted to rise this year.
- Home prices should continue to appreciate at double-digit levels for some time.
If you wait, rising mortgage rates and high home price appreciation will continue to grow!