“Did you just say that we have twice as many homes right now in Madison now then we did in September 2022!?”
“The average price of houses in the last 30 days is down by HOW MUCH?!
WHY did we have so many less homes go continent, pending, or sold in the last 30 days than we did in the month prior?
“There is a prevailing wind right now that [the crash} is here and that the crash is eminent, but let me say that we are NOT even close.”
This “State of the Real Estate Market Address” for September 2023 here in Madison, Alabama is not to be missed! Beau Miles, the owner and broker of Essential Real Estate, shares objective numbers and subjective advice. Tune in for the whole 10 minutes whether you are buying, selling, or NOT (but want to stay informed about our local Madison market).
0:35 – Glasses on, time for numbers!
1:10 – Erica clarifies a super important point
2:28 – How does all this compare to 2008?
3:03 – What is causing the number of homes for sale to increase?
4:14 – How does Beau feel about this market?
5:32 – Why do August and September typically signal changes in the market every year?
6:00 – Erica asks a bold question
7:00 – Where are people still getting bidding wars?
7:31 – Another bold question from Erica
8:17 – At what price point is the break point for selling quickly?
9:34 – How can you leverage soaring rental rates into a sweeter deal when buying?
Beaumiles@gmail.com
(256) 653-9414
Essential Real Estate on Facebook and Instagram
PS: Are you looking for a property manager? Beau Miles is also the owner of Essential Property Management, and he’d be happy to care for your property. Call or text him to inquire about his low monthly rates which are nearly unheard of!
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