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July Housing Market Update for North Alabama

Thursday, July 22, 2021   /   by Shane Kilby

July Housing Market Update for North Alabama

Is now a good time to buy or sell a home? Find out in this market update for July.

Conditions in our North Alabama market are extremely volatile right now, especially for buyers. It’s still a great time to purchase a home, thanks to low interest rates, but there’s a lot of competition among buyers due to incredibly low levels of inventory.

Today we’ll be taking a look at our current market in order to give you an idea of what you can expect as a buyer or seller. For your convenience, I’ve included timestamps for today’s video topic. Feel free to navigate to the section(s) you’re most interested in viewing:

(00:13) — Introduction to what our current market looks like

(00:41) — It’s a good time to speak with an agent and figure out a buying strategy

(01:24) — Inventory is incredibly low right now

(02:15) — Buyers are confident in the market

(03:09) — Mortgage rates are at all-time-low numbers

(03:46) — Why we’re not in danger of a market crash

(05:05) — It’s the perfect time for buyers and sellers alike to jump into the market

(06:08) — Things are still affordable, even with rising home prices

(06:49) — Conclusion to today’s video

If you have any questions about our market or would like more information, feel free to reach out to me anytime. I look forward to helping you soon.