We’re expecting 2020 to bring us more of a balanced market, as we’re already seeing some inventory levels rise and more sellers prepare their homes for sale—more so than last year at this time.
There have been three straight years of a low inventory market, but with the number of sellers that we’re seeing prepare for this year’s spring, things may be slightly different.
The prediction for 2020 (especially as we were heading into the 2019 holidays) was that there would be higher sales and lower interest rates. Of course, economic conditions always play a factor, so we can never be certain, but so far low rates and higher sales remain in the forecast.
The most active price points are always the entry-level homes. Whether it’s townhomes or single-family homes, this bracket sells quickly; it’s our lowest inventory product, so prices continue to rise.
We’re also going to see a continuance of seniors moving into one-level living situations, though there are fewer one-level spaces available at an affordable price.
Overall, we expect 2020 to be a strong, positive year; we’re excited to see how everything goes. We hope you have a great start to the new year and, as always, reach out to us if you have any questions. We would love to help you.