All-in-all a great year for the College-Glen neighborhood. The first three months were white hot with low inventory and high buyer demand. That formula created: multiple offers/bidding wars, increasing prices, and properties selling in less than a week. In the fall, interest rates bumped up a bit and that caused the buyer demand to pull back. In turn, the inventory trickled up and to close the year the market is much more balanced in the neighborhood now. Buyers have a bit more to choose from while sellers are now competing with each other.
Call or Email me if you have any real estate questions. I love working with buyers and sellers in his great neighborhood of College-Glen.
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