Our real estate market is poised to finish out 2020 strong.
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Now that we’re in the home stretch of 2020, it’s time to talk about how we see the Washington and Benton County markets playing out for the rest of the year.
In short, we came into this year strong, and that’s how we think we’ll finish it. Interest rates dropped after COVID hit, which kept home sales moving and maintained our economy. Since rates are still at historic lows, we see 2020 closing on a similar note. This is especially true for the seller side of things. We’re still seeing buyers offer as much as $20,000 over list price for certain properties, so as long sellers keep pricing their properties correctly, they’ll still get great deals.
We came into this year strong, and that’s how we think we’ll finish it.
Inventory is still low, and unless something unforeseen happens, we predict it will stay low. In previous years, we’ve seen buyer demand subside during the holiday season, but with historically low interest rates and everything else that’s happened in 2020, we’re confident buyer demand will stay high. This means there’s no time like the present to sell your home if you’ve been thinking of doing so.
If you have questions about our real estate market or would like to take the first step in listing your home, don’t hesitate to reach out to the Taylor Team. We’d love to speak with you.