Summer 2021 El Paso Market Update
An update on what’s going on in our El Paso real estate market.
Economists are saying that the double-digit appreciation that we’ve seen over the last two years will not continue throughout the next year, but that it will level out before transitioning into a traditional market. Values will stay high, but it will not necessarily increase, so if you’re a seller who’s on the fence, now might be the best time to sell.
If you’re a buyer, this doesn’t mean that you need to hold off because interest rates are not going to stay low. Purchasing a home today, even at a slight premium, will be cheaper each month than holding off until the market drops.
Make sure your real estate professional guides you in the right direction to ensure that you find the path that’s going to fit your particular scenario. If you have any questions, give me a call at 915-751-1500, reach me on social media @thebrianbburdshomesellingteam, or go to www.brianburds.com.