This is a monthly contribution to the Blog by Greenwood realtor Doron Weisbarth
Our local PhinneyWood market emerged from the Holiday season with a roar. The number of new listings jumped dramatically compared to last year, as did the number of homes that received offers and went pending. This time last year I observed that the jump in market activity might have reflected the pent-up demand and supply that built up during 2023 because of high mortgage interest rates. We might see a repeat of that pent-up demand and supply build up this year, driven in part by the high interest rates, but more by buyers’ and sellers’ uncertainties around the elections in Q4.
To see the latest date and the full analysis online go to PhinneyWoodHomes.com.
Despite the recent cold weather and snow, I’m already seeing strong evidence that the market is falling into a familiar, seasonal pattern, with short times on market and multiple offers pushing prices above the asking price. All we are missing now are more sellers!
Are you considering making a move this year? Whether you plan to buy, sell, or both, the next few months will offer great opportunities for those who are correctly prepared. The strategies laid out in our 3-step system for buyers and 5-step system for sellers continue to deliver superior results for our clients. To find out how they can apply to your unique circumstance with absolutely no obligation, call Doron at 206-779-9808.
