As we move on into spring, sellers continue to enjoy a strong seller’s market, and buyers face increased competition.
All stats below are based on End of Month in January vs February:
Homes on the market – 3,092 vs 2,841 (down 8%)
Average sales price: $352,285 vs $352,277 (pretty much the same)
New homes on the market – 3,542 vs 3,757 (up 6%)
Homes sold – 2,940 vs 2,991 (up 2%)
The market needs sellers desperately right now. There is no better time to sell. With iBuyers coming in with extremely competitive offers, selling your home has never been easier. You will more than likely get over asking for your home due to demand. Buyers are getting increasingly more frustrated with the market, and many people are finding it easier to sell, rent, and then buy so they do not overpay for their new home.
It is more important than ever to make sure you’re listing your home at the right price. Most sellers can expect to have multiple offers to choose from after just one weekend of being on the market. The seller’s market is strong but won’t last forever, so get on the market as soon as possible, now that interest rates have started to rise.
Here are a few blogs that might help you as a seller:
Plan to offer more terms than just a good price. Those could be: waived inspection, extra down payment in case of a low appraisal, and making your earnest money non-refundable. All of these things can all help you be the winning offer in a seller’s market where multiple offers per house are definitely the norm.
Here are a few blogs that might help you as a buyer:
Please note, if you buy with us, we split our buyer’s agent commission with you and give you back up to $6,000, and if you sell with us, we give you comprehensive, expert service for a low flat fee. And keep in mind, especially if you’re moving or you have friends in other states, that Trelora can help you in Atlanta, Charleston, Charlotte, Denver, Phoenix, Raleigh, Seattle, St. Louis and Tucson. In the meantime, please stay healthy and safe.
Trelora – Raleigh