Do You Know What It Means To Be In A Seller's Market
Do You Know What It Means To Be In A Seller's Market
A seller’s market arises when buyer demands exceeds housing supply. It starts with the number of houses available for sale. Today, we have a 2.6-month supply of homes for sales. Historically, a 6-month supply is necessary for a ‘normal' market in which there are enough homes available for active buyers.
When the supply of houses for sale is as low as it is right now, it's much harder for buyers to find homes to purchase. That creates increased competition among purchasers which leads to more bidding wars. And if buyers know they may be entering a bidding war, they're going to do their best to submit a very attractive offer. As this happens, home prices rise, and sellers are in the best position to negotiate the best deals that meet their ideal terms.
Right now, there are many buyers who are ready, willing, and able to purchase a home and here’s why.
Low mortgage rates and the rise in remote work have prompted buyers to think differently about where they live.
If you put your house on the market while supply is still low, it will likely get a lot of attention from competitive buyers.
The Bottom Line is this…
Today's sellers' market holds great opportunities for homeowners ready to make a move. Listing your house now will maximize your exposure to serious buyers who will actively compete against each other to purchase it. If you’re ready to jumpstart your selling process, then please call me or go to my website www.watkinsteamre.com to contact me.
I have a free home selling guide to get you on the right path and you can get a copy by going to guide https://bit.ly/myhomesellersguide .
Thank you for watching and if you would like more information about the real estate market and the community, then subscribe to my channel because I post new videos every Friday and until then, I’ll see you next week.
Denise the Realtor buys and sells houses!
You can learn more about us at the links below:
Facebook: / watkinsteamrecommunities
Instagram: https://www.instagram.com/beingbowiew...
Youtube: / @discoverprincegeorgescounty
Youtube: / @denisedimares
Website: https://www.DMVPropertySeekers.com
Website: https://www.watkinsteamre.com