Thursday, March 2, 2023 / by Brad Brethouwer
What’s Really Going On in Our Housing Market?
Here’s what you need to know about the state of our housing market.
What’s the status of the current housing market? We're now two full months into the year, so let's start this market update by rewinding to last year.
In 2021, things were hot right out of the gate at about this same time last year. Around May and June, interest rates increased, and the market slowed down. As a result, many people think that it’s not worth it to buy or sell a home, but that is not at all true in Dane County. It may be true in California or some other places, but it isn’t true here.
In 2021, things were hot right out of the gate at about this same time last year. Around May and June, interest rates increased, and the market slowed down. As a result, many people think that it’s not worth it to buy or sell a home, but that is not at all true in Dane County. It may be true in California or some other places, but it isn’t true here.
"Sellers should start planning immediately."
Right now the market is still hot in our area, and buyers need to be ready. Recently, we had to pull out all the stops to get one of our client’s offers accepted. It may seem daunting, but if you work with the right team, there are steps you can take to succeed in this market as a buyer.
Sellers, on the other hand, are in an awesome position. I wouldn't hesitate to list your home; time is of the essence. You don't have to be out of your house now, but you need to begin making a plan soon.
If you need help creating a buying or selling plan, call or email me anytime. I’d love to help and answer any questions you might have.
Sellers, on the other hand, are in an awesome position. I wouldn't hesitate to list your home; time is of the essence. You don't have to be out of your house now, but you need to begin making a plan soon.
If you need help creating a buying or selling plan, call or email me anytime. I’d love to help and answer any questions you might have.
