Historically, the fall months have less competition for homes. But the pandemic has altered that trend, with many cities seeing housing prices increase by double-digit percentages.
The October housing market indicators show market activity improving overall. However, home list prices remain high due to tight inventory and high demand.
Since many sellers are also hopeful homebuyers, the low supply of available homes for sale makes the decision to sell more difficult. Experts hope that increased construction will help ease the home supply demand in the coming year; otherwise, it will be challenging for the housing market to climb out of this pattern.
Marimark Realty, a Tampa real estate agency, focuses on providing a personalized experience for buyers and sellers of real estate. As a full-service real estate agency, we help clients with luxury homes, homes for first-time homebuyers, commercial property, and investment property.
To begin the journey of purchasing or selling your home, or purchasing commercial or investment properties, contact us at your earliest convenience.
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