State of the Spring Market

The Spring selling season is now upon us. Traditionally sellers believe this to be the best time to showcase their home. The housing market is still experiencing a shortage of inventory and buyers are frustrated with the multiple offer situations they are encountering which, more often than not, end in a bidding war.

The experts at the National Association of Realtors have predicted an even and increasing growth in home sale values while at the same time confirming: “All indications are that we have a housing shortage. If you look at population growth and job growth, it is clear that we are not producing enough houses. Read the full article here: https://www.nar.realtor/newsroom/2019-forecast-existing-home-sales-to-stabilize-and-price-growth-to-continue

In the traditional market waiting until the Spring may have been the right move, however with the low selection of homes and the recent drop in interest rates buyers are acting quickly and ready to pounce on their dream home. Buyers today are making moves to lock into these historically low rates.

My advice is to list your home as soon as you are ready. Don’t wait for more inventory, a warm sunny day or the grass to be green. Buyers are out and ready to make offers. The lack of inventory is working in the sellers best interest as there are fewer homes to choose. Buyers are anxious to lock into a low mortgage rate and make the move.

Get in touch with me today and I am happy to sit down with you to strategize your best move to get top dollar for your home.

~Jenn

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