What to Expect From the Middletown Market This Spring

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Today we are excited to talk about what’s going on in the local
housing market here in Middletown. While each neighborhood
market can vary, overall we are seeing an increase in the number of
sold properties. We’re up by 21.3% from this time last year! At
the same time, we are only seeing a slight increase in the number
of new homes available, at 1.3%. There is a pretty big gap of
what’s been sold and what’s coming on the market.


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Buyers will be competing for your home

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For sellers, a well-priced home in good condition should have
competition. Buyers will be competing for your home, and you should
sell in fewer days than the average days on market.  On the
buying side, be prepared to act quickly, because the competition
for these homes will be stiff. Don’t be surprised if you have
to put in a really strong offer in order to get that really great
house.

The real exciting piece to all of this is that interest rates
are still very low, below 4% in most cases. We don’t know how
long this is going to last, but an increase is inevitable, so take
advantage of the  situation now.

If you have any questions for us about the market or if you’re
looking to buy or sell a home, don’t hesitate to reach out to us
via phone or email. We’d love to hear from you!