The Georgia real estate market is feeling the strain as higher interest rates continue to influence buyer behavior. Although the Federal Reserve recently lowered rates, mortgage rates have yet to follow suit, remaining high and continuing to slow the once-booming housing market. Many buyers are holding off, waiting for the anticipated rate drop expected during the upcoming presidential election, which historically brings mortgage rate reductions.
Real estate experts, including Howell, are closely monitoring the situation but emphasize the importance of sellers acting now. Homes priced correctly are still generating interest, but those overpriced are languishing on the market, costing sellers valuable time and money.
An accurate market analysis is crucial when setting a listing price. Getting it right the first time can increase the final sale price by up to 23% or more. Don’t risk leaving money on the table with mispricing. If you’re considering buying or selling, now is the time to take action. Connect with one of our experts today to ensure you achieve your real estate goals and maximize your return in this shifting market.