Experts predict the current Seller Market (which even impacts Door County) will continue in 2019.
Thanks to a historic inventory crisis, rising home prices, and stiff competition for properties (especially Door County waterfront property and most condominiums), the vast majority of markets across the US currently favor sellers. And according to most experts, it looks like that trend is going to continue.
Door County Waterfront Properties
tend to sell quickly because of supply vs. demand
Most of my readers check Trulia and Zillow on a regular basis. According to a recent survey from Zillow, 76% of experts surveyed said they didn't expect to see national market conditions shift from a seller's market to a buyer's market until 2020. This is obviously good news for sellers—but it doesn't mean you should wait until 2020 to put your home on the market.
NEW CONSTRUCTION TENDS TO SELL QUICKLY
AS SHOWN AT MARINA VIEW CONDOMINIUMS,
AND THERE IS HIGH INTEREST ON THIS NEW RELEASE
IN SISTER BAY TO BE COMPLETED 7/19
According to recent Zillow data, the rate of home appreciation is slowing in markets around the country, and as a result many sellers are having to slash their home prices in order to sell (according to Zillow's data, 14% of all homes on the market had a price cut in June 2018).
RECENT PRICE REDUCTION AT
The Federal Reserve recently indicated that interest rates rises won't be as aggressive this year as in 2018. We hope that is good new for Door County Buyers and Sellers. If you're interested in more information on listing or buying a Door County property, please contact me today.
If you've been thinking about selling your home, now is the time to make a move. While most experts predict conditions will remain favorable for sellers through 2020, according to current data, conditions aren't likely to be as favorable over the next few years as they are today. If you're thinking of listing your Door County property, here are some ideas that will get you thinking about how we will market your property for a sale. You can also learn more about our services for Door County Buyers here.