Should YOU sell your home?
If you have been considering putting your home on the market, it may be time to get serious about making that move. According to the National Association of Realtors, the housing supply remains low, retaining advantage for sellers. However, we are seeing gradual growth in inventory as more and more sellers list their homes each month.
It is without a doubt still a Sellers’ Market and we’re seeing big wins for sellers across the country! Buyers have no choice but to be competitive, so we are seeing 6 in 10 houses sell above asking price after receiving an average of 4.4 offers. This is double the number of houses that sold over asking price at this same time last year. And if that is not compelling enough, houses are only on the market for an average of 17 days. That’s a record low!
As a seller, all of this is excellent news. There are more people looking to buy a home than there are homes to sell. In fact, the number of buyers in the south has gone up 15% since 2019. But, sellers are beginning to catch on to this trend. Although it will be no swift transition, the more homes that are listed each month, the more the market conditions will tilt in favor of buyers. With that being said, there may not be a better chance than right now to maximize your home’s potential.
I sold my home, where will I live?
You may be thinking, “But, where do I go once my home is sold?” No worries! It may be a Sellers’ Market, but that doesn’t mean that there are no benefits for buyers. Once you sell your home, take advantage of the historically low mortgage rates. You may be surprised to see how affordable your monthly payment can be.
If you’re curious about your homes potential value, give us call! 77% of people believe it’s a good time to sell… do you?