Northport NY Real Estate - The Market in Reverse, or a "Buyer's Market"

The market in reverse simply means that it's a great time to buy! 

 Why?

Interest rates are at an all time low historically, inventory levels are high which means that there are many homes on the market for sale, giving the buyers a lot of opportunity.

What is the reverse? 

If you are a seller, you may be disappointed with the price that the current market bears.  For some sellers, it's simply not enough for them to make a move.  For others, if they think of this in reverse, when they go to purchase their next home they will be looking at the same great opportunities mentioned above.  The opportunities for a low interest rate mortgage have never been better and the over-supply of inventory provides many choices. If you are considering moving to a larger home, now's the time to make that leap!  The cost of purchasing a larger home now is much cheaper than it will be once interest rates and pricing rise!

Catherine Lindstadt, Northport Realtor