State of the Market — August 2018

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Horning, Joe 2 head shot smallerA letter from Joseph A. Horning, President of Shorewest, REALTORS®

Entering the third quarter of the year, the housing market continues to experience a tight inventory of homes for sale. Tight inventories plus strong buyer demand have caused home prices to rise 8% in Wisconsin in 2018, making it a great time to sell. Many home sellers, in fact, are seeing multiple offers and offer prices above the listing price just days after putting the home on the market.

It is, however, an opportunity for buyers to act now before rates and prices rise further. Our best advice for buyers in this challenging buyer market is to work with a Shorewest, REALTOR® who knows the market and can help you find a home and write a strong offer. We also suggest being preapproved for a mortgage, avoid contingencies and be able to move fast when you find a home.

Shorewest has the offices and experienced agents throughout southeastern Wisconsin who know the market and are well-trained to help you with your real estate needs. Plus, we are proud to support the communities we call home. From cleaning up rivers and parks, sponsoring local events, running charity golf outings and rummage sales to collecting $8,000 of clothes for foster children, Shorewest is active in the communities we serve.

When it is time to make a move – locally or globally – we appreciate the opportunity to serve as your trusted advisor.

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Categories: Quarterly Newsletter, Real Estate News

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