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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.

BrickDriven Realty
3505 Florence Blvd
Florence, AL 35634

Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS.
The data relating to ValleyMLS on this Web site derive in part from the North Alabama MLS (NALMLS) IDX datashare program. © 2024 Valley MLS, Inc. All information provided is deemed reliable but is not guaranteed and should be independently verified.
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