Monday, October 15, 2012

Busy Autumn Season With Such Low Interest Rates

Fall is definitely in the air and the leaves are coming down.  The Midwest colors of yellow, oranges and reds paint beautiful landscapes.  Living in the Orland Park/Homer Glen area allows me to continuously drive through forest preserves and drink in the beautiful foliage.  It makes driving more enjoyable for me.

Sometimes we see a halt in buying and selling real estate in Fall and Winter months.  But with interest rates in the 3 percent range, buyers would be foolish to wait.

In fact, this is a great time for buyers.  There are still less buyers out looking.  Many already made their purchases, especially families wanting to move before the school year.  There might be less inventory to choose from, but I am still seeing some great homes. 

Orland Park real estate has remained healthy with more sales this year than last year.  Year-to-date to the end of September has shown a 9.8% increase in the amount of single family homes sold.  Prices have dropped but remain in the single digits.  The average sale price September year-to-date is $296,150. 

If you want to take advantage of these historically low interest rates don't put your home buying off until next Spring.  These rates might not last and more buyers are out looking making it more difficult to get a good deal.  Give Judy Orr a call at 708-536-8200 to get set-up for an automated search that will be sent directly to your e-mail, or fill out this easy Home Search form.