Every season has a rhythm in Western North Dakota real estate. Summer is full of activity, families on the move, and investors testing opportunities. As September settles in, the energy shifts. Buyers take a breath, sellers reset expectations, and the market finds a new balance before winter.

This year that balance comes with something we have not seen in nearly twelve months: mortgage rates that make sense again. The 30-year fixed rate is now hovering around 6.3 to 6.4 percent, the lowest level in almost a year. Fifteen-year loans are landing in the mid-fives. Those numbers may not sound “low” compared to the pandemic years, but they represent real savings and, more importantly, real confidence.

We are already watching what happens when confidence returns. Mortgage purchase applications increased by more than 6 percent last week. Refinancing jumped by over 12 percent. For the first time since 2022, mortgage demand across the country is climbing. That momentum eventually reaches our neighborhoods too.

Locally, we see the same story unfolding. Inventory in Williston and Watford City has doubled since spring, which gives buyers more choice than they have had in years. New construction has added options, and sellers who want to move before winter are willing to negotiate. At the same time, rents across Williams County continue to climb, supporting the long-term investment case for those looking at cash flow.

Here is what that means. Buyers today can shop with leverage, choosing homes that fit their needs while asking for credits or concessions that may not be available later. Sellers can still achieve strong prices if they present and price correctly. Investors can secure financing at the best levels in a year while underwriting deals to today’s rising rents.

The next sixty days matter. Rates are favorable, inventory is active, and seasonal momentum is here. The choice is whether to use this moment or let it pass.

Our team is here to guide you through the strategy that fits your situation best. Whether you are buying, selling, or investing, Proven Realty is committed to helping you move forward with confidence.