It’s that time of year again; the time we plan menus, figure out who’s going where, shop ‘til we drop, and sneak in a quick nap every so often.
Personally, as we head into the Thanksgiving weekend, I reflect on each and every client who allowed me to be a part of their real estate experience. I truly value your trust and friendship. You help me live my business pillars -- Be Local. Be Innovative. Be Personal. Be Family. -- every day, and I’m so lucky to be a part of this incredible community. You only have to look at a Community Calendar to see the wealth of resources, support and generosity overflowing in our fabulous town.
As we move into the final few weeks of 2023, some of my key takeaways for those interested in the real estate market are as follows:
Inventory is still low and buyer demand is still high even with increased interest rates.
If you want to buy, don’t sit on the sidelines. Chances are, if you wait until rates come down, the market will become even more competitive. Talk to a mortgage broker instead of waiting and see what options you have to buy now and adjust later—“Marry the house, date the rate” is real!
The median price of a Ridgefield home is up significantly since pre-pandemic values and is holding steady.
Homes in good condition and in desirable locations or neighborhoods are still commanding top-dollar.
Even though Holiday decorating may get in the way of being ready to buy or sell, now is a good time to do your due diligence, get information or put a plan in place for next year. If you’re interested in learning more about the market or even buying or selling during the Festive Season, reach out. I can help you move into your dream home by the New Year, or realize your goal of escaping winter after selling your property.
From my family to yours, Happy Thanksgiving!