Busy season has hit! Right now everyone seems to be thinking about buying and selling in real estate. I really love having people that I work with that expect me to help and to tell them the truth.
I have had people asking me for Market Analyses of their homes, since many people just got a larger property tax bill. I just love having people call me wanting to ask a lot of questions. Questions about the market. Questions about their house. Questions about what is going on in the world. I am truly proud to have clients that are friends and sometimes simply want to talk.
I will admit that it is wonderful meeting people face to face for the first time who already trust me because I have been having conversations with them and working for them for free for years.
Thank you all for trusting me and leaning on me. I truly love helping and adding value. Let me know what I can do for you.
The Market:
Interest rates keep going down, and that is definitely driving up demand. The market has been very interesting. As of April 10th, 2019 we are currently at 2,239 houses Pending under contract. There are only 3,356 houses active on the market. That means that 40% of the market is under contract. This is actually low in comparison to the last few years.
What does this mean for buyers? You finally have a little bit more control. There is more inventory than there has been in years past and you have more to choose from, and in some instances, more time to make your choices. That on top of low interest rates means that it is a great time to buy.
What does that mean for sellers? It depends. the market is still incredibly tight in resale properties below $300,000. If that is what you are selling then you are still in a strong Seller’s Market. If you are resale above $300,000 or in new construction than there is higher than normal inventory. Frankly though, that doesn’t seem to be slowing the market down that much.
I love doing what I do. I love looking at the market, and I love building relationships with the people that I get to help. Let me know how I can help you. Call me today. You can reach me at 515.639.0047 or RyanLynch@KW.com. I am good at what I do, and I want to help you.
~Ryan Lynch
