October Market Update: What It Means For Buyers & Sellers

Here we are and the real estate market in Mobile and Baldwin County Alabama is FAST-PACED!

What do I mean by this? Houses are FLYING off the market. Recently, we had 4 offers come in on a house listed for just days, leaving disappointed buyers still searching for their perfect home. 

It can be frustrating for buyers seeing a brand new listing online and by the time they try to set up a showing, it's already under contract. Thankfully, this isn't my first rodeo and I love a challenge and thrive on problem-solving. But, overall, this brings up two things: 

#1-- Buyers are actively looking for houses that just aren't there. We need more options for them. If you've even thought about selling this year or next, now is the time to find out how much your house is worth in this market. The time to sell could be sooner than you think! 

#2-- The questions keeps coming up of WHY are people so eager to buy houses right now? The answer is simple: Why NOT now? With interest rates this low, it's a great time to be a buyer.

I am a full-time realtor that can devote time to multiple offers and are available to jump on something immediately. Have your pre-approval ready and let's get ready to move! Don't have a pre-approval yet, No problem! Call me, don't hesitate to contact me for a complimentary buying/selling consultation. I'd love to hear from you, give me a call, text, or email!  251.525.3054  Stormie@MobileALProperties.com

The numbers are in and they are BOOMING! (July 2020 VS July 2019)

The Overall Median Price has increased by +3.1%  Overall Sales up by +21% Yes! Go Mobile!!!

Lets take a closer look: Single Family homes: Overall Median Price has increased by +3%  Overall Sales up by +24%
                                  Condo Sales: Overall Median Price has increased by +33%  Overall Sales down -16%
                                  New Construction: Overall Median Price has increased by +13%  Overall Sales up by +11%

A lot of this may have to do with the fact that the Real Estate world never really had a "Spring Fling" when sales are typically high. This probably has a lot to do with the Pandemic, but regardless, The market is looking great! It's become a fast paced market once again with the market is flooded with buyers and not enough houses! What happens in that case? Yep, you guessed it... MULTIPLE OFFERS... and that my friends is exactly what is happening!!! Houses are going on market and with 24hrs they have multiple offers making it a sellers dream market!

I love living close to the coast, it's just a hop and a skip away from my house. Going to the public doc's in Bayou La Batre is one of my little girls most favorite things to do. The sunsets are incredible and she loves to play in the sand... I can't think of a better way to end the work day.