This is a monthly contribution to the Blog by Greenwood realtor Doron Weisbarth
August turned out to be a pretty active month in our PhinneyWood neighborhood. Summer in general, and August in particular, tend to be slower months both for our region and for our neighborhood. But this year, with mortgage interest rates steadily dropping, buyers’ interest had steadily risen. And while prices have dropped a bit, the drop is consistent with the annul market cycle for our region.
To see the latest date and the full analysis online go to PhinneyWoodHomes.com.
Mid- to late September tends to bring renewed activity for both buyers and sellers. The continued drop in mortgage interest rates, and consumers expectations for even more dramatic drops, are likely to fuel stronger market activity. Historically, the majority of the fourth quarter is a good time for both buyers and sellers, before we wind down activities towards the Holidays.
If you’re planning to buy or sell this fall, understanding how to harness the market seasonality to your advantage will help yield better results. For a customized game plan for your specific needs, call Doron Weisbarth for a no-obligation consultation at 206-779-9808.
