Episode 171: Fall Real Estate Predictions 2024

As the kids go back to school, the air turns crisp, and the leaves begin to change, the real estate market is also preparing for its own seasonal shift. This week we dive into the Fall 2024 real estate market predictions, offering valuable insights for both buyers and sellers.

We discuss how different regions, particularly the Midwest, are experiencing varied market conditions. While some areas are transitioning into a buyer's market, Minnesota remains a strong seller's market with less than two months' worth of inventory. This discrepancy highlights the importance of understanding local market dynamics.

We also highlight the significant role that interest rates play in shaping market behavior. Over the past month, interest rates have dropped by over a full percent, creating a more favorable environment for buyers. This reduction translates to substantial savings, making it an opportune time for those who have been waiting on the sidelines to make their move.

For sellers, we offer strategic advice on how to price homes competitively and the importance of being flexible with offers. With interest rates trending down, the market could see a resurgence of multiple offers on properties, making it essential for sellers to be prepared.

Whether you're a seasoned Realtor or a homeowner contemplating a move, this episode is packed with actionable insights to help you make informed decisions. Tune in to get the full scoop on what to expect in the Fall 2024 real estate market. Let's dive in!