The Spring Selling Season Is Here!
And if you’ve been waiting to list your home, I’d advise listing SOONER rather than later.
Here’s why.
Listings are up 10% over this time last year to 3,567 homes, which is an additional 1,000 homes on the market since last month.
Takeaway: In March, expect even more homes to enter the market, which means more competition.
There is only a 1.6-month supply of houses. This refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace. Usually, we like to see at least a 4-month supply.
Takeaway: Your home will STAND OUT more if you list it now.
If you’ve been waiting for mortgage rates to go down, keep in mind that rates are generally around 7%, and many buyers who sat on the sidelines aren’t waiting any longer. They’ve watched the market fluctuate over the past year, but the fact is that today’s rate is very similar to what it was a year ago … while home prices have increased.
Takeaway: Buyers have realized that rates are not going to return to the historic lows seen in January 2021 and they are looking for homes.
Still on the fence about listing?
Let us build a custom strategy around your home so that it will stand out and sell—quickly and at its best price.