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REALTOR® Laura Sellers, Auburn, AL

Everything you need to know about buying or selling a home or condo in the Auburn-Opelika, AL area!

LauraSellers01@Gmail.com
334-332-7263 Direct

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Slowing Sales Create Opportunity

Slowing Sales Create Opportunity

With winter approaching, housing sales tend to slow, especially with holidays pending. Eventually, prices will come down, and near-record-low interest rates will continue to be available for some time to come. Contact me for any questions about real estate this holiday season.

After an astonishing 114 consecutive months of year-over-year home price gains, existing home sales eased two percent on a seasonally adjusted annual rate between July and August 2021.  Have rising home prices finally become too much for homebuyers? Not yet. The median existing-home sales price rose 15% year-over-year, according to The National Association of REALTORS (NAR), largely due to a continuing dearth of available homes for sale. Existing supplies nationwide are at a meager 2.6 months on hand, which means that at the current sales pace, supplies would end quickly.

Most impacted by slim inventories and rising prices are first-time buyers who accounted for 29% of sales in August, down from 30% in July and down from 33% a year ago in August 2020. So, what does this mean for you – the homebuyer who may feel discouraged?

Lawrence Yun, NAR’s chief economist, said that “potential buyers are out and about searching, but much more measured about their financial limits, and simply waiting for more inventory.”

With winter approaching, housing sales tend to slow, especially with holidays pending. This affords buyers more opportunity to purchase a home “in the off season.” In addition, when buyers are pushed to their limits, they begin to withdraw from the hunt, leaving sellers with fewer showing and offers.

Stay firm. Don’t “offer over list price” or try to compete with all-cash offers from corporate buyers. Eventually, prices will come down, and near-record-low interest rates will continue to be available for some time to come.

Berkshire Hathaway HomeServices Preferred Real Estate, Best Auburn Realtors, Best Opelika Realtors, Relocate to Auburn, Move to Auburn, Homes for sale in Auburn, Homes for Sale near me, Houses for Sale Opelika, Luxury Homes for Sale Auburn

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REALTOR® Laura Sellers, Auburn, AL

334-332-7263 Direct
LauraSellers01@Gmail.com
1810 E Glenn Ave., Ste 130
Auburn, AL 36830


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Did you know the hottest homes for sale in Auburn often sell within days of being listed? Don't miss out! Set up your own custom property alert so you can be notified of the newest homes as they hit the market! Simply click the button below and choose the qualities that you want most in a home and save your search to start getting alerts today!

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