Fall Temps have just peeked in for a few days!
With school starting, you could hear some noise that now is not a good time to buy or sell a house. Nothing could be further from the truth.
The Fall is the “second” season of the year. Fall Foilage make homes look cozy and welcoming and cooler temps make it so much easier to tour homes versus when heat gets trapped in the car between each time in and out. Even kids in school can make it easier for parents to tour homes unencumbered if so desired.
In Chesapeake, the buyers have continued active. Though I continue to list homes, we continue to struggle to maintain sufficient housing inventory, Home Sales have gained momentum each month. In fact, now in every city of Hampton Roads many price ranges are into a “normal market” of under 6 months inventory.
Historically, if the housing stock in any given price range is under 6 months(average home sells in less than 6 months for the date put on the market), the buyers and sellers are finding prices rising, a benefit to both parties.
In fact, this challenge is present through out the country do to the strength of the market:
As a result of these improvements, the housing inventory continues to decline:
If you own a home and are ready to move, call today to learn the truth about your home’s value and the buyers ready to buy it.
Homes sell year around. Now is the time to sell if you are needing to move.
Remember 2006-2008 in Chesapeake???? Market is there again.