Torelli Properties Group with Compass’ Post

#MarketUpdate Dallas/Fort Worth August 2024 📊🏡 As we transition from summer to fall, the real estate market is experiencing a noticeable shift. August saw homes lingering on the market for an average of 50 days➡️ High mortgage rates have been a major factor, causing many sellers to pull back, with 19.3% of listings seeing price reductions. But here’s the silver lining: this slowdown could mean a golden opportunity for buyers!✨🤩 This fall, we’re likely to see an increase in housing inventory as more homeowners decide to list their properties, especially if mortgage rates begin to drop as predicted. 🔸Buyers, this means you may find yourself in a less competitive market with more options to choose from. Whether you’re looking for your first home or considering an upgrade, now could be the perfect time to start your search. 🔸Sellers, the market is changing, and standing out will be more important than ever. With buyers becoming pickier, you’ll need to focus on making your home irresistible-think strategic pricing, curb appeal, and patience as you navigate this evolving landscape. Curious about how these trends could impact your real estate goals? Whether buying or selling, let’s connect to discuss the best strategy for you this fall. Reach out today for expert advice tailored to your needs! 📲817-601-0865 / info@torelli-properties.com #dfwrealestate #compassrealestate #realestateagent

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