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 – 2,913 vs 2,843 (down 2%)
Average days on market – 22 vs 19 for SFR (down 14%), 38 vs 35 for condos (down 8%)
New homes on the market – 4,856 vs 5,311 (up 9%)
Homes sold – 3,725 vs 3,959 (up 6%)
It is more important than ever to make sure you’re listing your home at the right price. Many sellers can expect to have multiple offers to choose from after as little as one weekend. Don’t wait until the weather gets nice this spring to sell your home. The seller’s market is strong but won’t last forever, so get on the market as soon as possible, now that the interest rates have started to rise.
Here are a few blogs that might help you as a seller:
Buyers and their agents are having to get extremely aggressive and creative in order to get homes under contract. We have had success reaching out to the agents of expired, withdrawn, and coming soon listings. We’ve also had success in reaching out to sellers who are selling their homes for sale by owner. Homes in these categories typically have less of a feeding frenzy because they aren’t on the radar of most buyers and their agents.
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 – Seattle