Trophy Point Realty Group

MARKET UPDATE ALERT: Winter 2023 Real Estate Snapshot⁣
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Swipe through this post to get the latest insights on the current housing market trends and the impact of fluctuating interest rates. Here's a snapshot of what's happening:⁣
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📉 Interest rates briefly surged to 8% in October, causing a drop in buyer activity. Rates are now down to almost 7%, with predictions of a further decrease through 2024.⁣
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💰 Median sale price dipped by 3.5% to $304,399, and closed transactions decreased by 9% to 863, typical for the winter slowdown.⁣
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🏠 New listings are down by 11% to 1,112, resulting in an increase in months of inventory. November 2023 saw a record number of new listings in the last decade.⁣
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📊 30-year conventional mortgages averaged 7.09% on December 1, down from a recent high of 8.03% in October, providing much-needed relief to buyers.⁣
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💡 Interest rates between 7-8% have essentially stopped appreciation in our local market. While it’s impossible to predict future rates, we expect rates to remain elevated for the next few months, with a steady decline towards a long-term average of around 5% starting in the second half of 2024. We believe that there is a lot of pent-up demand for homes that will be released as soon as rates become more affordable.⁣
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📈 Future Expectations: Anticipate stagnant price appreciation and decreasing transactions until rates reach the low 6s or lower, stimulating increased activity among potential buyers and sellers.⁣
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𝗪𝐚𝐧𝐭 𝐭𝐨 𝐝𝐢𝐯𝐞 𝐝𝐞𝐞𝐩𝐞𝐫 𝐢𝐧𝐭𝐨 𝐭𝐡𝐞 𝐜𝐮𝐫𝐫𝐞𝐧𝐭 𝐬𝐭𝐚𝐭𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐚𝐥 𝐞𝐬𝐭𝐚𝐭𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐨𝐫 𝐝𝐢𝐬𝐜𝐮𝐬𝐬 𝐭𝐡𝐞𝐬𝐞 𝐰𝐢𝐧𝐭𝐞𝐫 𝐮𝐩𝐝𝐚𝐭𝐞𝐬? 𝐋𝐞𝐭 𝐮𝐬 𝐤𝐧𝐨𝐰 𝐢𝐧 𝐭𝐡𝐞 𝐜𝐨𝐦𝐦𝐞𝐧𝐭𝐬, 𝐨𝐫 𝐬𝐞𝐧𝐝 𝐮𝐬 𝐚 𝐃𝐌 𝐭𝐨 𝐬𝐭𝐚𝐫𝐭 𝐭𝐡𝐞 𝐜𝐨𝐧𝐯𝐞𝐫𝐬𝐚𝐭𝐢𝐨𝐧! 🗣️💬

🏒 GIVEAWAY ALERT! 🎟️ Calling all hockey fans! Trophy Point Realty Group (TPRG) presents the TPRG GHOST PIRATES 2023 Giveaway! Get ready to score big with a chance to WIN two Standard Admission Tickets for Section 109, Row A at the Enmarket Arena in Savannah, GA. Experience the thrill of the game up close and personal! ⁣⁣
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To participate, simply:⁣⁣
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1️⃣ Follow us ⁣⁣
2️⃣Like this post ❤️⁣⁣
3️⃣Tag a friend in the comments who you'd like to go with.⁣ ⁣⁣
4️⃣ Bonus: Share this post in your story and tag us for an extra entry! 🌟⁣⁣
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👉 You MUST do all four items above to get entered! Anyone who does not follow the rules will be disqualified.⁣⁣⁣
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Don't miss out on this exciting opportunity to cheer on your favorite team on the ice! Entries close Friday, December 8th, 2023 at midnight. Good luck, hockey enthusiasts! 🥅🏆 ⁣⁣
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𝘛𝘩𝘦 𝘤𝘰𝘮𝘱𝘦𝘵𝘪𝘵𝘪𝘰𝘯 𝘤𝘭𝘰𝘴𝘦𝘴 𝘰𝘯 𝘍𝘳𝘪𝘥𝘢𝘺, 𝘋𝘦𝘤𝘦𝘮𝘣𝘦𝘳 𝟾𝘵𝘩, 𝟸𝟶𝟸𝟹, 𝘢𝘵 𝟷𝟷:𝟻𝟿 𝘱.𝘮. (𝘌𝘛) 𝘸𝘪𝘵𝘩 𝘵𝘩𝘦 𝘸𝘪𝘯𝘯𝘦𝘳 𝘢𝘯𝘯𝘰𝘶𝘯𝘤𝘦𝘥 𝘰𝘯 𝘚𝘢𝘵𝘶𝘳𝘥𝘢𝘺, 𝘋𝘦𝘤𝘦𝘮𝘣𝘦𝘳 𝟿, 𝟸𝟶𝟸𝟹 𝘧𝘳𝘰𝘮 𝘵𝘩𝘪𝘴 𝘢𝘤𝘤𝘰𝘶𝘯𝘵 (@𝘛𝘳𝘰𝘱𝘩𝘺𝘗𝘰𝘪𝘯𝘵𝘙𝘦𝘢𝘭𝘵𝘺). 𝘓𝘪𝘯𝘬 𝘵𝘰 𝘧𝘶𝘭𝘭 𝘵𝘦𝘳𝘮𝘴 𝘢𝘯𝘥 𝘤𝘰𝘯𝘥𝘪𝘵𝘪𝘰𝘯𝘴 𝘪𝘯 𝘵𝘩𝘦 𝘣𝘪𝘰. 𝘉𝘦 𝘢𝘸𝘢𝘳𝘦 𝘰𝘧 𝘢𝘯𝘥 𝘪𝘨𝘯𝘰𝘳𝘦 𝘧𝘢𝘬𝘦 𝘢𝘤𝘤𝘰𝘶𝘯𝘵𝘴; 𝘺𝘰𝘶 𝘥𝘰𝘯'𝘵 𝘯𝘦𝘦𝘥 𝘵𝘰 𝘮𝘦𝘴𝘴𝘢𝘨𝘦 𝘶𝘴 𝘢𝘣𝘰𝘶𝘵 𝘵𝘩𝘦𝘮. 𝘞𝘦 𝘸𝘪𝘭𝘭 𝘯𝘦𝘷𝘦𝘳 𝘢𝘴𝘬 𝘺𝘰𝘶 𝘵𝘰 𝘤𝘭𝘪𝘤𝘬 𝘢 𝘭𝘪𝘯𝘬 𝘰𝘳 𝘮𝘢𝘬𝘦 𝘢𝘯𝘺 𝘴𝘰𝘳𝘵 𝘰𝘧 𝘱𝘢𝘺𝘮𝘦𝘯𝘵 𝘧𝘰𝘳 𝘺𝘰𝘶𝘳 𝘱𝘳𝘪𝘻𝘦, 𝘢𝘯𝘥 𝘺𝘰𝘶 𝘸𝘪𝘭𝘭 𝘰𝘯𝘭𝘺 𝘣𝘦 𝘤𝘰𝘯𝘵𝘢𝘤𝘵𝘦𝘥 𝘣𝘺 𝘵𝘩𝘪𝘴 𝘱𝘢𝘨𝘦. 𝘛𝘩𝘪𝘴 𝘎𝘪𝘷𝘦𝘢𝘸𝘢𝘺 𝘪𝘴 𝘯𝘰𝘵 𝘴𝘱𝘰𝘯𝘴𝘰𝘳𝘦𝘥, 𝘢𝘥𝘮𝘪𝘯𝘪𝘴𝘵𝘦𝘳𝘦𝘥, 𝘰𝘳 𝘢𝘴𝘴𝘰𝘤𝘪𝘢𝘵𝘦𝘥 𝘸𝘪𝘵𝘩 𝘐𝘯𝘴𝘵𝘢𝘨𝘳𝘢𝘮, 𝘐𝘯𝘤. 𝘛𝘩𝘪𝘴 𝘨𝘪𝘷𝘦𝘢𝘸𝘢𝘺 𝘪𝘴 𝘴𝘱𝘰𝘯𝘴𝘰𝘳𝘦𝘥 𝘣𝘺 𝘛𝘳𝘰𝘱𝘩𝘺 𝘗𝘰𝘪𝘯𝘵 𝘙𝘦𝘢𝘭𝘵𝘺 𝘎𝘳𝘰𝘶𝘱.

We're dog tired after an amazing weekend at Wag-O-Ween! We had so much fun seeing all the people and dogs out and about and are already working on some ideas to make next year's weiner dog races even more fun - stay tuned and see you next year! Congrats to our gift basket winners Alexis and Tracy!

You’re invited! 💌 🏠 Join us on Thursday, July 20 as we host a homeowners seminar at our office from 6-7:30 PM. We will be discussing tips and tricks to make your home owning and selling experience the best it can be!

We will learn about topics like protesting property taxes, recommended home maintenance schedules, average prices to expect from contractors, estate planning considerations, recommended improvements to increase the sale price of a home, and more.

This event is free and open to the public. New and seasoned homeowners welcome! Tag a friend!