T
he Newport County real estate market is shifting, bringing opportunities for both buyers and sellers. Here are three key predictions for the next six months:

    More inventory is hitting the market, a trend that's likely to continue. Homeowners who secured ultra-low mortgage rates during COVID are now building equity and feeling more confident about making their next move. This demographic shift, driven by generational turnover, will have a significant impact on housing availability over the next five to ten years.

    As inventory increases, buyers will have more choices, which is welcome news for those starved of options. However, prices are still climbing, with annual growth projected at 3-4% over the next five years. Sellers must price their homes strategically to attract attention early, while buyers should be aware that waiting may lead to higher costs.

    Interest rates will likely remain flat or taper slightly, hovering in the mid-6% range. This shift in mindset is causing buyers to adapt and recalibrate expectations about affordability. With a consultative approach, local experts can help navigate this evolving market and achieve desired outcomes.

    In today's dynamic real estate landscape, strategy over speculation is key. Whether buying, selling, or investing, it's essential to work with a trusted expert who understands the nuances of the Newport County market. By doing so, you'll be better equipped to make informed decisions and achieve your goals in this ever-changing environment.