As a home seller, it is so important for you to know what our Real Estate market is like right now. Our inventory levels have dropped down to a 3.2, which may not mean much to you, but what you should know about that is that anything under a 4 is considered a "seller's market". (This is basically how many months it would take to sell out of homes if no new homes were listed)
Demand is HIGH in our area, and buyer's are very anxious to find a home NOW. This is mainly due to the increasing mortgage rates, as they want to find a home before they go any higher....which puts you, as a seller, in a very good position.
Factor's to consider...
- Low inventory levels = High demand
- Rising interest rates = Anxious buyers
- Most sellers list in the spring = More competition
The more competition you have when you list your home the more competitive your pricing has to be. I can do a search of your specific neighborhood and tell you exactly how many homes would be your competition now. If you've thought about listing at any time...NOW is the time to do it!!