In today’s current market, sellers are getting top dollar for their homes while record-low interest rates are helping others lower their mortgage payment. Here’s why it’s time to get your home on the market:
- Homes Are Selling Quickly
In June 2020, homes were on the market for an average of 24 days, and 62% of homes were on the market for less than a month. Listing now could result in a much quicker and easier home selling experience.
2. Inventory Is Tight
Your home is a hot commodity! Currently, it would take about four months to sell all the homes on the market, which favors sellers.
3. Buyer Demand Is Up
After spending so much time at home, many buyers are ready to safely dive back into the market for houses that better fit the needs of their new normal. Data suggests that pending home sales activity has been sharply climbing since April.
4. Prices Are Increasing
Because inventory’s been tight, this led to significant price increases during — and even before2 — the pandemic. This means that if you list now, you’re more likely to get top dollar for your home.
If you’re wondering what your own home would look like on the market, give me a call! I’m happy to run a comparative market analysis to see what homes in your neighborhood are going for right now.