The latest Washington Post Where We Live Blog featured a timely column from MRIS CEO David Charron preparing home buyers and sellers for what to expect as we close out the year.
The annual slowdown has certainly taken hold but demand has been high all year given the low inventory so the end-of-year activity is expected to more active than it usually is this time of year. David also touches on trends he expects to see in next year’s market—such as a rise in interest rates and increased supply hitting the market (but probably not enough to fully meet the demand that is there). These two things will also lead to an increase in the number of days a home stays on the market.
Go here to read his full account.
If you have any thoughts about what to expect please let us know in the comments. We’re always keeping our eye out for unexpected trends.