Happy Thanksgiving 2024 Things are looking up in real estate.

Hope you are doing well, and healthy, and try not to eat too much this holiday. But, if you do, I hope it is worth it! 🙂 Go for it!

Here are some South Jersey real estate points I quickly wanted to cover with you to help some that have been on the fence
about buying or selling. I have experienced and noticed the following:

1. I noticed the buyer activity has slightly increased since the election is over now, and I expect it to pick up more as time goes into
the next year. People will have strong confidence going forward after the holidays and more inventory will prevail.

2. Listing Inventory has been slightly increasing in most market segments in the last month.

3. Interest mortgage rates may be heading down some as we move into the next year of 2025.

4. Home prices are going up still in every segment, except one, which is the 55 plus community living, for this one report in Atlantic
county, but that is just one month year to date, and that will quickly change by the years end based on pending closings that settle.

5. Like you heard me mention before get the house, marry the home not the interest rate, refi later when the right opportunity comes.

6. Attached–please see the two graph chart for Atlantic County–So you can see how the median sales price keeps rising up.

I WISH EVERYONE A FABULOUS THANKSGIVING HOLIDAY! ENJOY. GARY SIMMENS HOMESMART.-