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Sellers have been rejoicing lately in the Petoskey area home market. A lack of inventory of homes for sale in the area, few new builds, and rising construction costs have caused values to creep up. It probably sounds like a bad time to buy, however, nothing could be further from the truth. With mortgage rates expected to jump quarter after quarter this year, and the area still experiencing a consistent general increase in home values, buying now might save you a ton of cash later. Sellers remain in a good position to get the most out of their home with an experienced real estate agent. This is a great time to buy or sell in Petoskey as both parties are more likely than ever to experience a positive outcome. It's a great time to consider speaking with a real estate professional if you are questioning the current market whether it be buying or selling.