Finishing the third quarter of 2016, all signs point to an ever stronger 2017. With interest rates and inventory both remaining low all year, 2016 had far more buyers than available homes. The demand will carry over into 2017 with buyers expecting more options in the Spring.
That said, now could still be a great time to sell. Many buyers are experienced in the market from looking all year and know just what they want. If the home comes on the market, they are ready to buy right now. We’re still seeing sellers get multiple offers on homes, even in September.
Click the link here for projections from the National Association of Realtors, Mortgage Bankers’ Association, Freddie Mac, and Fannie Mae: Home Sales Projections