Fairfield County Real Estate Market Update – June 2025 + Mid-Year SnapshotAs we close out the first half of 2025, Fairfield County’s housing market continues to shift. While home values
Is Now the Right Time to Sell Your Home?
Dated: May 31 2024
Views: 183
To wait or not to wait, that is the question...
The housing market is always changing, and with recent interest rate hikes, you might be wondering if selling your property is still a good idea. Here's a look at three common questions sellers have right now, along with some insights to help you decide:
1. Should I Wait for Rates to Drop?
Many sellers are considering waiting until mortgage rates come down. While that's a possibility, it could also lead to more competition as buyers and sellers re-enter the market. As Bright MLS points out, even a small decrease in rates can bring more activity on both sides. This could mean facing higher prices and bidding wars when you buy your next home.
2. Are There Still Buyers Out There?
While some buyers might be cautious, there's still a healthy market for homes here in the Fairfield and Hocking County area. The ShowingTime Showing Index tracks buyer activity (nationwide). While demand has dipped slightly from the record-breaking years, it remains significantly higher compared to pre-pandemic levels (2018-2019). This means there are serious buyers actively looking for properties like yours.
3. Can I Afford to Buy My Next Home?
Rising interest rates might be a concern, but it's important to consider the equity you've likely built up in your current home. Homeownership has seen significant appreciation in recent years, which can give you a financial advantage when buying your next place. You might even be able to become an all-cash buyer, eliminating the need for a mortgage altogether.
The Bottom Line:
If you've been thinking about selling but are hesitant due to interest rates, this information might help you move forward. Many sellers are on the fence, but a recent Realtor.com survey found that 79% of those who recently listed wished they had done so sooner.
Yes, Multiple Offers Are Still Happening!
I'm seeing strong evidence that the Fairfield and Hocking County markets remain favorable for sellers. In fact, I just listed two new properties in the area and they've already generated a lot of interest. We've conducted several showings on both homes and are anticipating multiple offers! In additon, two of the buyers I currently have under contract on homes, had to fight against other buyers to get their offer accepted and "win".
Ready to Take the Next Step?
If you have further questions or want to discuss your specific situation, contact me, Jennifer, your local real estate agent. I can provide personalized insights into the Hocking Hills and Fairfield County area real estate market and help you make informed decisions about buying or selling your home. Don't miss out on this great opportunity to sell your property!
Jennifer Kitchen
Real estate is not just a job, but a passion. I truly love what I do and look forward to helping my clients with their real estate needs and concerns. I treat my clients as I would wish to be treated ....
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in part from the Broker Reciprocity™ program of the Multiple
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brokerage firms other than Rise Realty Co. - Canal Winchester are marked with the MLS ™ logo
(the small logo to the left) and detailed information about them includes
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Columbus REALTOR® and Central Ohio Regional Multiple Listing Service, Inc .All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective
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All listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or renting. Information is not guaranteed to be accurate. All measurements (including square footage and acreage) should be independently verified by the buyer. Athens County Board of REALTORS (ACBOR) #reg;
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