Real estate market remains strong heading into holidays


MAUMEE – The economy is improving, unemployment is falling, and the U.S. real estate market remains strong as we head into the holiday season, a period when activity typically slows as people take time to travel, celebrate, and spend time with loved ones. Although the market is not as frenetic as was seen earlier this year, buyer demand is high, bolstered by attractive mortgage rates and a low supply of inventory.

The most recent data from the National Association of Realtors reports the median single-family existing home sales price rose 16% in the third quarter of this year to $363,700, with all four regions of the country experiencing double-digit price

growth.

In new construction, builder confidence increased in November, surpassing analyst expectations and rising to 83 on the National Association of Home Builders/Wells Fargo Housing Market Index, the highest level since spring, despite persistent labor and supply chain challenges and a shortage of available lots.

Northwest Ohio Realtors has over 2,000 members dedicated to serving the needs of home sellers and buyers in Northwest Ohio and the surrounding area, including Wood, Lucas, Fulton, Henry, Defiance, Williams, Hancock, Wyandot, Paulding and Putnam counties.