At True North Real Estate, we’re thankful for our clients who put their trust in us to help them navigate the unique Door County real estate market. Market conditions will always fluctuate, but our gratitude for those who enable us to do what we love never changes. Thank you for your business!

We are also grateful to see some encouraging trends in the Door County real estate market. Rumblings about the immediate trends in the general market rarely apply to Door County. Our decades of experience in this unique and very localized market give us a more long-term view. For example, a 6-7% interest rate is still at or below the historic average and decelerating values are not the same as declining values.

The trends we’re starting to see will lead to a healthier real estate market, with more balance between supply and demand. While experts tell us we’re not likely to see any kind of crash, the current trend points to a moderation of price and activity, which should restore some normalcy to a market that has been moving at an unsustainable pace for the past two years.

For buyers in Door County, higher mortgage rates make borrowing more challenging, but those with the means to secure the financing they need will likely find buying to be an easier experience than during the highly competitive, low inventory period of late.

If you’re considering selling a property, it’s not too late to capitalize on a strong market. Many Door County buyers don’t need to obtain financing and are still looking to get into the market. Desirable listings are selling quickly, and selling prices are still healthy.

Thinking about buying or selling in the near future and want to get ahead of the trends? Call one of our experts today.

featured article:
Are mortgage rates really that high now? Here’s what history tells us