This week during our HRG team meeting, we were discussing what the real estate market looks like right now for our current buyers. After a slower spring market due to the pandemic, we saw an increase in the number of buyers who were ready to take advantage of the close to 3% mortgage rates to purchase a home.
However, while many sellers decided that now was the right time to sell, others have continued to wait - essentially creating a seller's market, making it more difficult for buyers to take their time to find their next home.
What does a seller's market look like?
What we're seeing is less homes on the market creating a 'sense of urgency' with our buyers. Gone are the days of having time to 'sleep on it' ... buyers are now being forced to…