What You Need To Know About Selling in a Sellers’ Market
What does a sellers’ market mean for you?
A few things. For starters, there's more competition among potential buyers to secure the perfect property—so it pays off in terms of getting top dollar when selling! And given all this high demand coupled with low supply nowadays...well let me just say that homes are going fast so if you want yours sold as quickly and easily without any hassle at all then look no further than right now (or maybe even sooner).
The National Association of Realtors’ (NAR) latest Existing Home Sales Report shows that housing supply still remains very low. There's only a 2-month supply at current sales rates, putting us deep in the seller camp today!
House prices are skyrocketing. This is the result of a housing shortage and increased demand from buyers, which has caused bidding wars in some areas as they compete with each other for what few houses there are available on the market at any given time
There are a lot of motivated buyers in the market, but there's only so much property on offer. If you put your house up for sale while supply still remains low and demand continues to rise- especially if it has great curb appeal or location advantages like proximity to transportation nodes - then expect serious competition from other would be homeowners looking at making purchases before prices go even higher!
With the real estate market being as hot as it is, you should take advantage of any opportunities that come your way. This could be an excellent time for homeowners to sell their homes and purchase something newer or more expensive! Let me help guide you through these steps so we can jumpstart those negotiations together today