Timnath Real Estate Market Update: What You Need to Know

Spring has arrived in Timnath, and with it, a fresh wave of movement in the real estate market. Whether you’re thinking about selling, buying, or just love keeping tabs on home values, here’s what’s happening right now in our local market.

Home Values Are on the Rise

Timnath’s median home price is up 9.5% compared to this time last year. While it’s unlikely your individual home has appreciated by nearly 10% in one year, this increase signals a strong market. The new construction and ongoing development in the area are positively impacting home values, making this a great time to assess your property’s worth. CLICK HERE to request a free, multi-point home valuation.

Shifts in Inventory & What It Means for You

Inventory levels have increased to over 3.5 months supply, indicating a slight buyer’s market. This means if you’re considering selling, proper preparation is key. Buyers have more options than they did last year, making strategic pricing and high-impact marketing more important than ever. On the flip side, if you’re in the market to buy, this slight increase in inventory gives you a bit more breathing room—but desirable homes are still moving quickly!

Interest Rates Holding Steady

As of now, interest rates sit at 6.8% for a 30-year fixed mortgage. While rates remain higher than the rock-bottom lows of previous years, they have stabilized, allowing buyers to plan with more certainty. If you’ve been waiting for the right time to make a move, connecting with a trusted lender can help you understand how these rates impact your buying power. Once we wrap our first call, we’ll be sure to follow up with a list of questions we recommend asking each lender you interview.

Did You Know?

The color of your front door can actually affect your home’s value! According to a 2022 Zillow research study, homes with black front doors sell for up to $6,000 more than expected. So, if you’re thinking about selling, a fresh coat of paint might be a small but mighty investment!

As always, we’re honored to be your go-to resource for all things home and community. Let’s make your next move a seamless and successful one!

Call or Text 970-215-0473

Email Hello@SalzHomeSolutions.com