As a homeowner, it’s always tempting to dream about the next big project you’re going to tackle. The possibilities are endless. Should I renovate? Should I refinance? Should I stay? Should I move? The list goes on and on.
In today’s housing market, it’s actually a great time to shift your thoughts toward selling your house and moving up into the home of your dreams. Here’s why:
Inventoryis on the rise, but there’s still an overallshortageof houses for sale (less than a 6-month supply found in a more normal market), so homes are going under contract quickly. In fact, theNational Association of Realtors(NAR)Realtors® Confidence Index Surveyreports that right now homes are only staying on the market for an average of 27 days. That’s less than one month, an even more accelerated pace from the 36-day trend we sawlast spring.The same report also indicates there are more interested buyers than active sellers today, which is one of the big factors drivinghome priceshigher. This power combination provides an ideal environment for sellers aiming to close a quick sale and earn a big return as we wrap up the summer season.
There’s still time to make a move before the school year starts and the fall weather sets in. Maybe it’s time to make a change. Reach out to a local real estate professional in your area to determine if selling now is the right decision for your family.
Author:Morrie Finkelstein Phone: 754-234-0637 Dated: August 8th 2019 Views: 65 About Morrie: ...
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