With the weather cooling down, you may wonder if that means the housing market is cooling as well. It most definitely is not. The market is hot and there are a few reasons to sell if you have been thinking about it.
- Active Buyers – Buyer traffic has jumped up 60.7% compared to last year at this time. That means that buyers are looking and ready to buy. In many areas there are more buyers than houses, which means that bidding wars are becoming increasingly more common.
- Supply and Demand – There are just not enough homes on the market. The demand for homes is higher than the supply. This year there have only been 1.49 million units available for sale. That is a decrease of 18.6% from last year. Don’t wait for more houses to go on the market if you want your house to become part of the demand.
- The Process is Changing – With there being more buyers in the market and less houses, buyers are needing to do things to stand out amongst the crowds. They are getting pre-approved, which makes the process that much faster than with buyers who have not been preapproved yet.
- Now May Be the Best Time to Buy – With people having to spend more time in their house, virtual work, virtual learning etc. It may have become noticeable that your family has outgrown your current home. With home builder’s building again, you can get a home that matches your family’s needs.
If you are looking to sell, now is the time, and I can help you every step of the way. Buyer’s I am available for you as well. Just call/text me at 931-237-1417 to learn how I can help you move.