Fairfield and Westport CT Real Estate Guide

Local insights on buying, selling, and living in Fairfield County

Tag Archives: Connecticut


by 1 Comment

Fairfield and Westport CT Real Estate Market Report May 2025 🌷🏡

Image: Charming classic front porch with big ceramic planters with vibrant blue hydrangeas flanking the door and a bicycle with a basket of blue hydrangeas at the base of the steps.

IT’S MAY!! 🌷☀️

Word on the street- is that prices continued to rise in Fairfield and Westport. Here’s a summary of what happened in April in our local Fairfield and Westport single-family housing markets compared to a year ago in April 2024.

Check out the What Sold Reports to see all the homes that sold last month! Stay informed of new listings, price changes, local market insights, and mortgage rates.

April 2025
Market Changes in Favor of Buyers & Sellers


Was it still a seller’s market in April?

Prices continued to rise in both towns in favor of sellers. However, a number of metrics suggested some movement toward a more balanced playing field. Unit sales were down in both towns compared to the prior April stats. Market time was a bit longer, though it still ranged from about a month to a month and a half from list to contract. Sale prices averaged very close to asking (vs above asking). In Westport, despite a 24.7% increase in the median sale price, we saw more inventory, more months of supply (4.55), and more new listings compared to last year. Behind these numbers, we saw case-by-case home sales where some flew off the shelf with multiple bids and closed over-ask, while others took longer and may have had price adjustments. Overall, conditions favored sellers due to the inventory shortage though there are still plenty of opportunities for buyers to snag their dream home. Another word of encouragement to buyers is that the sooner you get into your new home, the sooner you can enjoy the price appreciation and your earned equity!

At the time this post was written, the 30-year fixed conforming mortgage rate was 6.875% down from 7% the prior month, and rates in the high fives and sixes remained for other loan products.

Action Items.

Whether you are thinking of buying, selling, or both, it’s in your best interest to plan ahead by meeting with your agent early in your process. This will help you know what to expect in the current market and have a plan in mind.

Many sellers ask, when is the best time to sell? The answer is, when you are emotionally ready, your house is market-ready, and the time is right for you. There will always be pros and cons to the current market, and no one can accurately time it.

Pro Seller Tip: Remember not to resign yourself to a sellers market being an automatic slam-dunk. It is still critical to position your home to show its very best, which may include some staging, and price it appropriately with the market in order to sell for top dollar in the least amount of time. Critique your home as if you were a protective buyer to gain perspective.

Reach out to your agent proactively with your questions and desired outcomes so you’ll have a plan and timeline to get you where you want to go. Collaborate with your agent for the best marketing strategy and negotiations to maximize demand for your listing in the current market. If you’re concerned about where to go, consider this story. Here’s an overview of what you can expect for the process.

As a buyer in this market, be patient, diligent… and ready to go! Reach out to your agent proactively to go over the process, current forms, and a plan that meets your needs. Your agent will help you navigate the market for a successful sale and/or purchase. The competition for a particular property at the time it hits the market determines how much leverage you will have to negotiate price, timing, and terms. Competition continues among buyers and there is still a short window before most sellers receive and accept offers.

If you are ready to make an informed decision, you will be well positioned to secure your new home. This means you are prepared to submit a competitive offer and your proof of funds or mortgage pre-approval are in your agent’s hands. Keep in mind if you are in a multiple-bid situation with financing, you may be competing with cash offers. Talk to your agent about how you can make your offer more attractive in other ways. If you need to sell your house before buying, discuss your options with your agent. Here’s a guide for what you can expect.

The spring market is in full swing and many new home sellers are diving in. Will you be one of them who is positioned to extract top dollar in the least amount of time? 🌷 🏡 ☀️

← Back

Thank you for your response. ✨

William Raveis Local Housing Data

#LuxuryHomes

#LuxuryLifestyle

#LuxuryRealEstate

#WilliamRaveisRealEstate

#WilliamRaveis

#RaveisSouthport

#WaterfrontLiving

#BeachHouse

#CoastalLiving

#DreamHome

#HomeSweetHome

#MyHomeisMyCastle

#FairfieldBeachArea

#MarketReport

#RealEstateMarket

#HousingPredictions

#MortgageRates


by 2 Comments

Fairfield and Westport CT Real Estate Market Report April 2025 🌱🏡

Image: Close-up of set table with bright garden centerpiece and beautifully decorated living room in the background.

HAPPY APRIL! 🌱

Word on the street- is that prices continued to rise in Fairfield and Westport! Here’s a summary of what happened in March in our local Fairfield and Westport single-family housing markets compared to a year ago in March 2024.

Check out the What Sold Reports to see all the homes that sold last month! Stay informed of new listings, price changes, local market insights, and mortgage rates.

March 2025
Market Changes in Favor of Buyers & Sellers


Was it still a seller’s market in March?

Yes, the seller’s market continued in March. The median sale price was up 40% in Westport and almost 30% in Fairfield compared to March 2024. The average market time was 38 days in Fairfield and 44 in Westport. New listings were down 9.4% in Fairfield and 4.8% in Westport allowing limited competition for sellers and limited choice for buyers. Selling prices, on average, exceeded asking prices. Unit sales were flat in Fairfield (data not shown) and up 13.3% in Westport, but pending listings were down in both towns suggesting a possible lull which could offer some opportunities for buyers.

At the time this post was written, the 30-year fixed conforming mortgage rate creeped back up to 7% adding to the headwinds for financing buyers. But rates in the high fives and sixes remained for other loan products.

Action Items.

Whether you are thinking of buying, selling, or both, it’s in your best interest to plan ahead by meeting with your agent early in your process. This will help you know what to expect in the current market and have a plan in mind.

Many sellers ask, when is the best time to sell? The answer is, when you are emotionally ready, your house is market-ready, and the time is right for you. There will always be pros and cons to the current market, and no one can accurately time it.

Pro Seller Tip: Remember not to under-estimate the sellers market though. It is still necessary to position your home to show its very best, which may include some staging, and price it appropriately with the market in order to sell for top dollar in the least amount of time.

Reach out to your agent proactively with your questions and desired outcomes so you’ll have a plan and timeline to get you where you want to go. Collaborate with your agent for the best marketing strategy and negotiations to maximize demand for your listing in the current market. If you’re concerned about where to go, consider this story. Here’s an overview of what you can expect for the process.

As a buyer in this market, be ready and be patient! Reach out to your agent proactively to go over the process, current forms, and a plan that meets your needs. Your agent will help you navigate the market for a successful sale and/or purchase. The competition for a particular property at the time it hits the market determines how much leverage you will have to negotiate price, timing, and terms. Competition continues among buyers and there is still a short window before most sellers receive and accept offers.

If you are ready to make an informed decision, you will be well positioned to secure your new home. This means you are prepared to submit a competitive offer and your proof of funds or mortgage pre-approval are in your agent’s hands. Keep in mind if you are in a multiple-bid situation with financing, you may be competing with cash offers. Talk to your agent about how you can make your offer more attractive in other ways. If you need to sell your house before buying, discuss your options with your agent. Here’s a guide for what you can expect.

April showers bring May flowers- and many new home sellers to the market. Will you be one of them who is positioned to extract top dollar in the least amount of time? 🌸 🏡 💫

← Back

Thank you for your response. ✨

William Raveis Local Housing Data

#LuxuryHomes

#LuxuryLifestyle

#LuxuryRealEstate

#WilliamRaveisRealEstate

#WilliamRaveis

#RaveisSouthport

#WaterfrontLiving

#BeachHouse

#CoastalLiving

#DreamHome

#HomeSweetHome

#MyHomeisMyCastle

#FairfieldBeachArea

#MarketReport

#RealEstateMarket

#HousingPredictions

#MortgageRates


by 1 Comment

Fairfield and Westport CT Real Estate Market Report March 2025 🍀🏡

Image: Cheerful dining area with bright green lamp and pink tulips in the background.

HAPPY MARCH! 🍀

Word on the street is- the spring real estate market is here! So let’s get to it…

Here’s a summary of what happened in February in our local Fairfield and Westport single-family housing markets compared to a year ago in February 2024.

Check out the What Sold Reports to see all the homes that sold last month! Stay informed of new listings, price changes, local market insights, and mortgage rates.

Febuary 2025
Market Changes in Favor of Buyers & Sellers


Was it still a seller’s market in February?

Yep. The months of supply was lower, there were fewer new listings, and the median sale price was higher this February compared to last February in both towns. Unit sales were up, almost 70% in Fairfield and 33% in Westport. However, market time was longer in both towns, averaging 49 days to contract in Fairfield, and 53 in Westport. Sale prices averaged just under 100% of asking in Fairfield, and dipped to 97% from almost 107% in Westport. These factors showed a continued sellers’ market but indicate that not every home flew off the shelf with a bidding war. Despite the tight inventory, some homes sat on the market longer and sold below asking.

Action Items.

Whether you are buying or selling, plan accordingly so that you are ready to approach the market and know what to expect. Although new listings were down last month from the year prior, this was likely due to the bitter cold and snow mixed with the uncertainty in the news. Now that the weather will be warming up, (and some people are getting used to an atmosphere of chaos 😂), we expect to see more homes on the market each day as spring approaches. For now, sellers can continue to enjoy minimal competition.

As a seller, you are likely wondering, when is the best time to sell? The answer is, when you are emotionally ready, your house is market-ready, and the time is right for you. There will always be pros and cons in the marketplace, and no one can accurately time the market.

Reach out to your agent proactively with your questions and desired outcomes so you’ll have a plan and timeline to get you where you want to go. Collaborate with your agent for the best marketing strategy and negotiations to maximize demand for your listing in the current market. If you’re concerned about where to go, consider this story. Here’s an overview of what you can expect for the process.

As a buyer in this market, you want to be patient- and ready! Reach out to your agent proactively to go over the process, current forms, and a plan that meets your needs. Your agent will help you navigate the market for a successful sale and/or purchase. The demand at any given moment for a particular property determines whether there’s flexibility for you on price, timing, and terms. Competition continues among buyers and there is often a short window before sellers receive and accept offers.

If you are buying now, be ready to make an informed decision in order to secure your new home. This means you are ready to submit a competitive offer and your proof of funds or mortgage pre-approval are in your agent’s hands. Keep in mind if you are in a multiple-bid situation with financing, you may be competing with cash offers. Talk to your agent about how you can make your offer more attractive in other ways. If you need to sell your house before buying, discuss your options with your agent. Here’s a guide for what you can expect.

You won’t be pushed off-course by March madness or spring fever if you have a focused plan! 🙂 🌟🏡

← Back

Thank you for your response. ✨

William Raveis Local Housing Data

#LuxuryHomes

#LuxuryLifestyle

#LuxuryRealEstate

#WilliamRaveisRealEstate

#WilliamRaveis

#RaveisSouthport

#WaterfrontLiving

#BeachHouse

#CoastalLiving

#DreamHome

#HomeSweetHome

#MyHomeisMyCastle

#FairfieldBeachArea

#MarketReport

#RealEstateMarket

#HousingPredictions

#MortgageRates


by 1 Comment

Fairfield and Westport CT Real Estate Market Report February 2025 ❄️🏡

Image: Elegant kitchen leading to a bright great room in Fairfield, CT.

IT’S FEBRUARY! 🏈🏡

Word has it that the spring real estate market begins right after the Super Bowl! So let’s get to it… 💨

Here’s a summary of what happened in January in our local Fairfield and Westport single-family housing markets compared to a year ago in January 2024.

Check out the What Sold Reports to see all the homes that sold last month! Stay informed of new listings, price changes, local market insights, and mortgage rates.

January 2025
Market Changes in Favor of Buyers & Sellers


Was it still a seller’s market in January?

The New Year began with just two months of supply in Fairfield, and slightly more than that in Westport. Market time was even more brisk than the prior January, averaging just 36 days to contract in Fairfield and 19 in Westport. Sale prices hovered very close to 100% of asking. These factors showed a continued sellers’ market. Unit sales were down in both towns compared to January 2024, which may have helped some buyers.

Action Items.

Be ready to enact your plans because new listings are coming to the market each day, and this trend typically increases as spring approaches. For now, sellers can continue to enjoy minimal competition.

When’s the best time to sell? -When you are emotionally ready, your house is market-ready, and the time is right for you. Reach out to your agent proactively with your questions and desired outcomes so you’ll have a plan and timeline to get you where you want to go.

As a seller, collaborate with your agent for the best marketing strategy and negotiations to maximize demand for your listing in the current market. If you’re concerned about where to go, consider this story. Here’s an overview of what you can expect.

As a buyer in this market, you want to be patient- and ready! Reach out to your agent proactively to go over the process, current forms, and a plan that meets your needs. Your agent will help you navigate the market for a successful sale and/or purchase. The demand at any given moment for a particular property determines whether there’s flexibility for you on price, timing, and terms. Competition continues among buyers and there is often a short window before sellers receive and accept offers.

If you are buying now, be ready to make an informed decision in order to secure your new home. This means you are ready to submit a competitive offer and your proof of funds or mortgage pre-approval are in your agent’s hands. Keep in mind if you are in a multiple-bid situation with financing, you may be competing with cash offers. Talk to your agent about how you can make your offer more attractive in other ways. If you need to sell your house before buying, discuss your options with your agent. Here’s a guide for what you can expect.

Will this New Year bring your new home and lifestyle? Let’s talk! 🌟

← Back

Thank you for your response. ✨

William Raveis Local Housing Data

#LuxuryHomes

#LuxuryLifestyle

#LuxuryRealEstate

#WilliamRaveisRealEstate

#WilliamRaveis

#RaveisSouthport

#WaterfrontLiving

#BeachHouse

#CoastalLiving

#DreamHome

#HomeSweetHome

#MyHomeisMyCastle

#FairfieldBeachArea

#MarketReport

#RealEstateMarket

#HousingPredictions

#MortgageRates


by Leave a comment

Creating a Home for All Generations: Practical Tips & Ideas

Photo via Pexels

By guest writer, Sharon Wagner

In today’s fast-paced world, multigenerational living offers a unique opportunity to blend diverse life experiences under one roof. This living arrangement can enrich family life, providing a tapestry of shared wisdom and vibrant energy. However, achieving harmony in such a setting requires intentional efforts and thoughtful strategies. This article explores practical approaches to creating a supportive and enriching multigenerational home.

Make The Home Accessible

Designing easy-to-navigate spaces with accessibility features for senior family members in a multigenerational home ensures safety, comfort, and independence for older adults. Start by incorporating wide doorways and hallways to accommodate walkers or wheelchairs, and ensure that flooring is slip-resistant and free of tripping hazards like loose rugs or uneven surfaces. Install grab bars in bathrooms, particularly near toilets and showers, and consider walk-in tubs or zero-threshold showers for ease of use. Thoughtful accessibility features create a safe, inclusive environment that allows senior family members to navigate the home with confidence and ease.

Create a Family Garden

Start a Shared Garden Incorporating a garden into your home can transform it into a vibrant learning environment for children, offering insights into plant life cycles, ecosystems, and personal responsibility. Tending to a garden also fosters a sense of responsibility, as children learn to care for living organisms and manage resources sustainably. As your family shares this experience, you’ll reap other benefits, such as having fresh produce on hand that can be incorporated into meals. Beyond providing nourishment, gardens contribute to sustainability and resilience by supporting environmental health. Many plants absorb carbon dioxide, helping mitigate climate change, while others can absorb groundwater and reduce run-off, protecting local water systems. By choosing plants suited to your environment, you can conserve water and create a garden that thrives with minimal maintenance, all while reducing your household’s carbon footprint.

Use Storytelling To Connect

Regular family storytelling sessions can significantly strengthen the bonds in a multigenerational household. These gatherings provide a platform for grandparents, parents, and children to share their life stories and wisdom, fostering mutual understanding and appreciation. Storytelling not only preserves family history but also cultivates a sense of belonging and continuity that enhances familial ties. This practice is particularly beneficial for younger generations, as they gain insights into the past and learn valuable lessons for the future. Moreover, storytelling promotes emotional well-being by encouraging empathy and open communication.

Gather Family History

Embarking on the creation of a family album is a rewarding way to connect multiple generations by capturing and preserving family traditions and milestones. Begin by collecting photographs and memorabilia from significant family events, such as weddings and vacations, to craft a rich visual history. Include stories and anecdotes from living relatives to ensure their experiences are cherished by future generations. Enhance the album’s aesthetic by using neutral or era-specific colors, and consider adding keepsakes like wedding programs or newspaper articles, which can be copied onto acid-free cardstock for durability.

Strengthen Family Bonds Through Volunteering

Creating a family volunteering program can greatly enhance unity and shared purpose within a multigenerational household. By participating in community service projects together, families not only make a positive impact on their community but also strengthen their internal bonds. Such programs encourage family members to utilize their individual strengths, making the experience rewarding for everyone involved. Moreover, introducing children to volunteering at an early age increases the likelihood of them continuing this practice into adulthood, fostering a lifelong commitment to community service.

Build a Family Business

Starting a family business can be a wonderful way to unite different generations while generating additional income. By leveraging the unique skills and interests of each family member, you can explore simple business ideas like crocheting clothing or blankets, or offering local services that require minimal startup costs. Consult with a business advisor if there is no business background in the family. It’s crucial to set clear goals and define roles for everyone involved to ensure smooth operations. Protecting your family’s financial interests is also important, so consider forming a limited liability company, which can be easily done using a reliable formation service. This approach not only fosters collaboration and learning but also ensures your family business is built on a solid legal foundation.

Creating a harmonious multigenerational home is a journey of shared experiences and mutual respect. By engaging in activities that promote learning and empathy, families can build a nurturing environment that supports all members.

Discover the charm of Fairfield & Westport living with expert insights and sustainable home tips at Linda Raymond’s Real Estate Blog – your gateway to a greener, more vibrant lifestyle!

By guest writer, Sharon Wagner, https://seniorfriendly.info/

← Back

Thank you for your response. ✨


by Leave a comment

Everybody Dance Now: A Home Buying Success Story! 💃🏡


The home buying process often looks seamless on TV, but in reality, it can be full of unexpected twists and turns. Since the pandemic, low inventory has added to the challenge of finding your desired home in the first place. That’s where the right agent makes all the difference—guiding you through obstacles and ensuring success.

Here’s one story that proves persistence and grit pay off:

After two years of searching—from condos to multi-family and single-family homes, spanning Norwalk to Milford—we found the property. Winning the bidding war was just the beginning. We navigated inspection negotiations, worked around an appraiser acting like an inspector, tackled underwriter roadblocks, calmed last-minute nerves, and even dealt with a seller reluctant to vacate. Despite it all, we crossed the finish line just in time for the holidays.

Congratulations to my incredible client on her charming new home and investment property in Milford! 🎉 Everybody dance now! Check out the Reel! 🕺💃🏻

← Back

Thank you for your response. ✨

#EverybodyDanceNow
#RealtorLife
#HomeSold
#WonTheBiddingWar
#ClosingTime
#lindaraymondrealtor
#YourCastleMyMission
#williamraveis
#RaveisSouthport

#HomebuyingJourney
#SuccessStory
#RealEstateWins
#MilfordCTRealEstate
#KeysToYourDreams
#RealEstateLife
#HomeSweetHome
#WinningTheBid
#ClosingDayVibes


by 2 Comments

Fairfield and Westport CT Real Estate Market Report January 2025 🌟🏡

Image: Stunning contemporary kitchen with vaulted ceiling and glass walls overlooking Pine Creek in Fairfield, CT.

Happy New Year! 📆🏡

Here’s a summary of what happened in December in our local Fairfield and Westport single-family housing markets compared to a year ago in December 2023.

Check out the What Sold Reports to see all the homes that sold in December! Stay informed of new listings, price changes, local market insights, and mortgage rates.

December 2024
Market Changes in Favor of Buyers & Sellers


Did the December market favor buyers or sellers?

The year ended with just two months of supply in Fairfield, and less than that in Westport. Market time was significantly shorter than the prior December, averaging just 33 days in Fairfield and 39 in Westport. Sale prices hovered very close to 100% of asking. These factors showed a continued sellers’ market. However, the buyers’ good news was a substantial rise in new listings in December 2024 compared to December 2023, up 37.5% in Westport, and almost double in Fairfield (87.5%)!

Action Items.

The market gained new listings throughout the holiday and into the New Year, maintaining opportunities for buyers. Yet pent-up demand for new listings remains, and sellers have a window of opportunity now to get into the market before their competition arrives in the spring. The top priority, of course, is what’s important to you and the ideal timing that suits your goals. Reach out to your agent as soon as possible with your questions and desired outcomes so we can work together on a plan to get you where you want to go.

As a seller, collaborate with your agent for the best marketing strategy and negotiations to maximize demand for your listing in the current market. If you’re concerned about where to go, consider this story. Here’s an overview of what you can expect.

As a buyer in this market, you want to be patient- and ready! Reach out to your agent proactively to go over the process, current forms, and a plan that meets your needs. Your agent will help you navigate the market for a successful sale and/or purchase. The demand at any given moment for a particular property determines whether there’s flexibility for you on price, timing, and terms. Overall, competition continues among buyers and there is often a short window before sellers receive and accept offers.

If you are buying now, you want to be prepared to make an informed decision in order to secure your new home. This means you are ready to submit a competitive offer and your proof of funds or mortgage pre-approval are in your agent’s hands. Keep in mind if you are financing and enter a multiple-bid situation, you may be competing with cash offers, so you need to make your offer more attractive and competitive in other ways. Here’s a guide for what you can expect.

If you need to sell your house before buying, let’s discuss the options.

Is 2025 the year for your new home and lifestyle? Let’s talk!

Review last month’s market report here.

Keep track of your home’s value estimate in our ever-changing environment.

← Back

Thank you for your response. ✨

William Raveis Local Housing Data

#LuxuryHomes

#LuxuryLifestyle

#LuxuryRealEstate

#WilliamRaveisRealEstate

#WilliamRaveis

#RaveisSouthport

#WaterfrontLiving

#BeachHouse

#CoastalLiving

#DreamHome

#HomeSweetHome

#MyHomeisMyCastle

#FairfieldBeachArea

#MarketReport

#RealEstateMarket

#HousingPredictions

#MortgageRates


by Leave a comment

The 2025 Raveis Collection is Here! 🌟

🌟 Exciting news! The 2025 Raveis Collection is here, and it’s our most spectacular edition yet!

This stunning 180-page luxury magazine showcases over $1B in exceptional properties, exclusive interviews, cutting-edge design trends, and insights from our Luxury Market Spotlight. It’s a premier resource for buyers, sellers, and anyone who appreciates the finest homes.

View the digital copy here.

✨ Our unmatched marketing power sets us apart—and it’s just one of the reasons our clients trust us to deliver extraordinary results.

Send us a note below including your mailing address in the Message section to request your coffee table book or discuss how this prestigious platform can elevate your real estate goals!

← Back

Thank you for your response. ✨

#LuxuryRealEstate#RaveisCollection#SouthportRealtor#WilliamRaveis#LuxuryHomes#CTRealEstate#FairfieldCountyHomes#LuxuryMarketing#DreamHomes#DesignTrends#ArchitecturalExcellence#LindaRaymondRealtor#YourCastleMyMission#FairfieldCTRealtor#WestportCTRealtor#LuxuryLifestyle#RaveisSouthport


by 1 Comment

Fairfield and Westport CT Real Estate Market Report December 2024 🎁🏡

Image: Elegant off-white side-board table and a round mirror above reflecting a bright, festive starburst light fixture.

Happy Holidays! 🎁🏡

I hope you’re enjoying the holiday season as you look forward to what’s next in local real estate markets. Here’s a summary of what happened in November in our local Fairfield and Westport single-family housing markets compared to a year ago in November 2023. Check out the What Sold Reports to see all the homes that sold in November! Register here to stay informed on new listings, price changes, local market insights, and mortgage rates.

November 2024
Market Changes in Favor of Buyers & Sellers

Did the November market favor buyers or sellers?

In both towns, the median sale price was higher, market time was shorter, and the number of new listings were down compared to last November. These factors continued to favor sellers, though the inventory and months of supply was higher in Fairfield this year than last year, offering some renewed opportunity to buyers. More demand than supply sustained the trend of upward pressure on home prices.

What about interest rates?

According to global economist, Dr. Marci Rossel in a webinar on December 6th from Leading Real Estate Companies of the World, rates are likely to be stuck in the six percent range until as late as April or May next year. She said that we likely won’t know where rates are going until we see what happens with proposed tariffs and deportation which will impact the cost of goods, and the labor market. However, there are several loan products in the five-percent range offered by William Raveis Mortgage at the time of this post.

So, should I move now, or wait a couple of years until conditions are better?

When prices and rates seem to be at an all-time high, it can be tough to decide on a strategy. Two value propositions people often forget to consider are the joy of starting their coveted new lifestyle sooner rather than later and the benefit of getting a jump-start on building equity.

That being said, what might the actual numbers look like if you closed today and refinanced in two years versus waiting two years to make your move? Take a look at a scenario where you buy a home today for $900,000 with 20% down and an interest rate of 6.375% vs. another buyer who waited two years. Based on an estimated average home value appreciation of 3.5% over the next 12 months based on several expert economists in a chart provided by PalmAgent, you may be surprised by the comparison!

Action Items.

We also know that every market offers opportunities. People have been buying and selling homes every month of every year since ‘real estate’ began. What’s important are your goals and the ideal timing for you. Reach out to your agent as soon as possible with your questions, concerns, and ideal outcomes so you can work together on a plan to get you where you want to go in the existing market.

As a seller, collaborate with your agent for the best marketing strategy and negotiations to maximize demand for your listing in the current market. If you’re concerned about where to go, consider this. Here’s an overview of what you can expect.

As a buyer in this market, preparedness and patience are the key! Your agent will help you navigate the market for a successful sale and/or purchase. The current demand for a particular property will determine whether there’s flexibility on price and terms. In general, there is still solid competition among buyers and a short window before sellers receive and accept offers. However, you may be have some holiday leverage right now if a seller is motivated to close before the year ends and willing to make a deal! 🎁

If you are buying now, you must be ready to make an informed decision in order to secure your new home. This means you are ready to submit a competitive offer and your proof of funds or mortgage pre-approval are in your agent’s hands! Keep in mind if you are financing and enter a multiple-bid situation, you may be competing with cash offers, so you may need to have other terms that are attractive in order to be more competitive. Here’s a guide for what you can expect.

Are you planning a move this season? What dreams do you have for your newest lifestyle?

To review last month’s market report here.

Get a quick online estimate of your home’s value.

← Back

Thank you for your response. ✨

William Raveis Local Housing Data

#LuxuryHomes

#LuxuryLifestyle

#LuxuryRealEstate

#WilliamRaveisRealEstate

#WilliamRaveis

#RaveisSouthport

#WaterfrontLiving

#BeachHouse

#CoastalLiving

#DreamHome

#HomeSweetHome

#MyHomeisMyCastle

#FairfieldBeachArea

#MarketReport

#RealEstateMarket

#HousingPredictions

#MortgageRates


by 1 Comment

Is it Better to Buy Your Home Now Or Later?


Is it better to buy now or buy later?

This is always a dilemma for home buyers and would-be sellers. The biggest question on everyone’s mind at the time of this post is where are interest rates going?

According to global economist, Dr. Marci Rossell in a webinar on December 6th from Leading Real Estate Companies of the World, rates are likely to be stuck in a holding pattern in the six percent range until as late as April or May next year. She said we won’t know where rates will be going until we see what happens with tariffs and deportation, which will impact labor and prices.

Regardless of what the future holds, it is not recommended to bank on interest rate predictions, because the reality is that nobody really knows for sure what will happen. This summer, the assumption was that rates were coming down by the end of the year and through 2025, however, this was not the case.

What if you could run some scenarios with various assumptions and see which outcomes look most favorable for you? I have an excellent tool that can do just that!

Should I buy it now or wait a couple years when interest rates may be lower, and how does appreciation figure in to it?

Several economic authorities estimate that real estate values will continue to rise by an average of 3.5% in the next year. This means that homeowner equity will grow. But what if rates are lower in another year or two?

Take a look at the report from my calculator. The example shows a $900,000 home purchase today with 20% down and an interest rate of 6.375% with refinancing in two years to a potential lower interest rate of 5.375%. The calculator compares this approach to waiting two years and purchasing the same home at the lower rate.


Buying now results in a monthly payment of $4,446 and $261,124 in equity after two years, when then you can refinance. After waiting two years, the purchase price is approximately 3.5% higher due to appreciation, resulting in a purchase price of $964,103. The loan for this house may be at a lower rate, but it is now a bigger loan resulting in payments of $414 more each month. Also, this new homeowner has $68,303 less equity than if they had bought the house two years earlier.

If the rates didn’t change, buying later would result in even higher monthly payments due to the larger loan at the higher rate. In this example, purchasing today, would have achieved a lower price, smaller loan, lower monthly payments, and more equity.

I’m happy to calculate different scenarios with varied assumptions for you. Do you think home values will go up or down? What do you think rates will be in two years? What is your home buying budget? What is your dream lifestyle! Reach out to me, and let’s run some scenarios and talk about your plans!

← Back

Thank you for your response. ✨