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SPRING REAL ESTATE MARKET 2024
Greetings in February! The Northeast is experiencing a mild winter so far. Have you noticed the lack of snow? As a real estate professional, I can tell you that this is good news for sellers. They have more time to prepare their homes for sale. The median price in surrounding markets has increased, and interest rates remain steady. This is also great news for buyers, as more properties will become available in all towns.
Advice to buyers: With the median price on the rise, more inventory is entering the market. This means that sellers who have been hesitant to sell are now taking action. To stay ahead in this competitive market, make sure you are prepared by obtaining a fresh pre-approval letter from your lender. Additionally, keep your REALTOR® updated on any changes that may affect your buying plans. By doing so, you will save time and gain an advantage in the home buying process.
Advice to sellers: Now is a great time to list your property as there are many qualified buyers in the market. Don't miss out on this opportunity! While no one can predict the future, it's important to take advantage of the current favorable conditions. Next year may bring different market dynamics, so act now and get your property sold while demand is high.
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