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However, I think there is something else contributing to the uptick in the market. We’re getting a lot of people coming here from Manhattan, Brooklyn, and Westchester County, all of whom are tired of their little apartments. On a national level, people are getting married later, having kids later, and buying their first home later. A home purchase is typically preceded by a major life event, whether that be a wedding, a baby, a retirement, some other change in employment status, or a divorce. All of these drive home purchases and sales.
A lot of our first-time homebuyers are older than they used to be. When I first started my career about 15 years ago, we were more in the 28 to 35 age range. Now we’re seeing 35- to 40-year-old first-time homebuyers. That market is colliding with the New York metropolitan area market and flooding our area with buyers.
If you’ve given any thought at all to selling your home, now is absolutely the time. Your home might be worth up to $50,000 more than it was just eight months ago.
If you have any questions for me about buying a home, selling a home, or real estate in general, don’t hesitate to reach out via phone or email. I look forward to hearing from you.