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Market Trends Jennifer Sesma Market Trends Jennifer Sesma

How’s the Market in Columbia County? November Recap

In November we saw interest rates start to come down..finishing close to 7%. Fingers crossed the 8% rate we saw in October was the peak and we are now on the downward slope. Experts are pretty confident that the Fed will not hike rates this week and that with inflation cooling the Fed will start cutting rates by mid 2024.

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Market Trends Jennifer Sesma Market Trends Jennifer Sesma

How’s the Market in Columbia County? October Recap

Interest rates hit 8%, the highest in 20+ years. Home sales continued to slow as a result. Rates dipped in the first week of November but are already creeping back up and the Fed may have one more rate increase coming in December.

So will prices or interest rates come down anytime soon? Probably not. Inventory in Columbia County remains tight overall, which will keep prices stable.

But there’s a lot of price adjustments happening right now, so the market is heading for a crash, right?

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Market Trends Jennifer Sesma Market Trends Jennifer Sesma

How’s the Market in Columbia County? August Recap

August saw a dip in new listings, but active listings are at the highest level for the year, but they’re still at a historically low level.

36% of active listings (93) are below $500K, but this price range makes up 54% of all sales year to date

34% of active listings (88) are between $500K-$1M, this price range makes up 33% of all sales year to date

29% of active listings (75) are over $1M, but this price range only makes up 13% of all sales year to date.

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Events, Home Owners Jennifer Sesma Events, Home Owners Jennifer Sesma

Moving up or downsizing? Thinking of selling this year? 

Is it time to downsize? Are you thinking about selling your home and moving on?

Or

Are you running out of space and thinking it’s time to move up into a larger home? Wondering how to navigate buying and selling at the same time?

Come to my next seller seminar and learn everything you need to know to get your home ready to sell and what to expect from listing to closing.

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Home Owners Jennifer Sesma Home Owners Jennifer Sesma

Want To Sell Your House This Spring? Price It Right.

Over the last year, the housing market’s gone through significant change. While it’s still a sellers’ market, homes that are priced right are selling, and they get the most attention from buyers right now. If you’re thinking of selling your house this spring, it’s important to lean on your expert real estate advisor when it comes to setting a list price.

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