June 2023
People move every month of the year, however, Spring traditionally sees more transactions than other times of the year. 2023 has seen a decrease in volume in sales over last year not because demand has waned but due to a lack of inventory. Don't lose hope, keep reading... Yes interest rates are higher, but not historically high.
Current rates are more than double their all-time low of 2.65% (reached in January 2021). But if we take a step back and look at rates over the long term, they’re still below the historic average.
Freddie Mac — the main industry source for mortgage rates — has been keeping records since 1971. Between April 1971 and March 2023, 30-year fixed-rate mortgages averaged 7.75%. By this benchmark, rates are still reasonable.
If you are thinking of selling your home this year, you can see that opportunity is still knocking.
Requesting a home value from a licensed professional is the best way to start the process. Online values are a great starting point however the custom features and personal touches impact the price a buyer will pay. Real Estate professionals talk to buyers daily and understand market trends.
Call or text to schedule your "no pressure" appointment. https://www.debiluxuryhomes.com/sell/