Attention all potential sellers in the Hattiesburg area! If you're thinking of putting your home on the market, it's important to know that 2023 may see a slight pullback in home pricing for the Hattiesburg and surrounding areas. Dependent on area and price range. While the market has been strong in recent years, there are signs that it may be slowing down. However, this doesn't mean that your home won't strongly sell!
A great way to position your home correctly into the market is by engaging a real estate professional. We have the knowledge, experience and reach to help you price your home competitively and showcase its best features to potential buyers.
Additionally, it's worth noting that interest rates have been on the rise, with rates increasing from 3% in January to a high of 7.07% in November. However, rates have now slipped to 6.5% and are expected to go slightly under 6% by summer. The National Association of Realtors (NAR) expects that rate level for the remainder of 2023. This dip in rates will allow some buyers to re-enter the market, some looking for less home than 1 year ago. For perspective, for a buyer purchasing with a mortgage, each 1% change in interest rate for a 200k home equates to $130/mo in interest.
Don't miss out on this opportunity to sell your home in the current market. Call Scott Holmes @ 601-466-3420 to discuuss how we can help you get your property ready for the spring market! #realestate #homesforsale #marketupdate #hattiesburgmsre