Market continues to hold strong in Northampton!
Now that we are in March and officially in the spring market of real estate, the local market seems to be holding strong in our Township. As you already may know, interest rates have doubled since this same time last year.
Most would anticipate a slowdown in the market due to the rise in rates. The market DID slowdown in our area in the sense of the numbers of multiple offers, waiving of contingencies, and offer amounts above asking price.
But, it is still a seller’s market none the less. Although the mortgage rates are up, the housing inventory is STILL very low.
Only time will tell when the housing inventory rises and “slows” the market down. If you have been “on the fence” about selling, now would be the best time do so!
If you have any questions, please don’t hesitate to call me at 215-630-9363. www.josephcairo.com.