Sun Prairie Housing Market

Sellers: Working with an experienced agent that is familiar with the current market trends and pricing is critical when listing your home. When homes are listed over what they are worth they typically sell for less than if they were priced correctly. When talking with multiple agents about your home, don't just automatically pick the agent that says your home is worth the most money. It could end up costing more in the long run.

 

Buyers: We have all seen in the news that interest rates are going up from where they were. What you are not being told is that the predictions are they will go back down 1-2% in the next couple of years. That will spark more competition than we are currently seeing. My suggestion is to find a home you love now, have an interest rate that is a bit higher, and refinance to a lower rate in a couple of years. Home prices go up on average 3-5% percent per year (historically) so you will gain equity and be putting your money towards something vs. renting.

 

Have more questions on the housing market or want to know the statistics for a different area? You can contact me John Reuter at 608-669-4226 or by e-mail john@integrityhomeswi.com

 

John Reuter

Broker/Owner

Integrity Homes

608-669-4226

 

 

Brokered by Real Broker, LLC

 

*Information and statistics current as of 12/8/2022.  Data retrieved from SCWMLS.