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Who Is Winning In Our Local Real Estate Market In 2025 |
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 Who is winning in our local real estate market in 2025? SELLERS are enjoying life with plenty of buyer interest, ever higher sales prices, homes usually going under contract quickly when they hit the market, and relatively low levels of competition from other listings. The only downside of the current market for sellers are the (relatively) high mortgage interest rates that could hold back even further or stronger buyer interest. BUYERS aren't really loving any aspect of the local housing market right now. Lots of buyers are buying which means more competition, prices keep going up, home go under contract quickly, inventory levels are low reducing options at any given time, and mortgage rates continue to stay above 6% and close to 7%. HOMEOWNERS are able to largely ignore most of the factors affecting the local housing market - though they are almost certainly happy to see continued increases in median sales prices, which mean likely further increases in their home's value as well. Will you be a buyer or a seller in 2025? How are you feeling about the market? Recent Articles:
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Scott Rogers
Funkhouser Real
Estate Group
540-578-0102
scott@funkhousergroup.com
Licensed in the
Commonwealth of Virginia
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