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Deciding to sell your home is one of the most significant decisions you’ll ever need to make and before you make that life-changing choice, it’s important to know how the real estate market is performing. During the past 6,7 or more years we have seen a steadily decreasing inventory as more and more buyers venture back into the housing market.
Back
in 2008 the housing market was enduring one of the roughest times in history with
plummeting home values, too much inventory and virtually no interest in the
homes that were for sale.
Sellers Finally Have
An Edge in the Marketplace
Today,
it’s a world of difference. Our inventory of available homes for sale is at its
lowest in 6 years. With just 3.7 months of inventory, or 3,100 active listings
on the market, it would take that much time to sell the homes if nothing new
were to come on the market.
So
if you have been considering selling your home, now is the time to do it. As
more and more homeowners ask how they can tell if it’s time to sell, we
increasingly find ourselves sharing this important news of our market shift into
a seller’s market.
Buyers Can Look
Forward to Appreciation Moving Ahead
Buyers
are also enjoying some benefits of today’s marketplace, including still
historic low interest rates, increased flexibility with mortgage lending
practices and market that supports buying more so than renting. But there are
far more buyers today that are eager to lock in the still-amazing low interest
rates before prices begin to appreciate. Predictions indicate the median priced
home will see a three to four percent appreciation as early as within the next
twelve months. The challenge, of course, is getting the home that buyers want
in a market where there are more buyers vying for the most desirable properties.
~
Before
everything starts climbing again – now is the time to consider selling your
home. Sellers are getting top dollar for their properties, often as a result of
multi-offer situations, price competitions and the sheer scarcity of homes.
The
same thing holds true for buyers; act now before it’s too late.
Contact
us today if you’d like to have us provide an honest evaluation of your home’s
value in today’s market. Depending on your motivation level, we will work out a
strategy to help you achieve your real estate goals – and make the right move.
760
340 9253
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