We are more than realtors we are real estate consultants
Even if you haven’t been following real estate news, you’ve likely heard about the current sellers’ market. That’s because there’s a lot of talk about how strong market conditions are for people who want to sell their houses. But if you’re thinking about listing your house, you probably want to know: what does being in a sellers’ market really mean?
The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows housing supply is still very low. There’s a 2-month supply of homes at the current sales pace.
Historically, a 6-month supply is necessary for a normal or neutral market where there are enough homes available for active buyers. That puts today deep in sellers’ market territory (see graph below):
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 can lead 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 upfront. This could drive the final price of your house up.
And because mortgage rates and home prices are climbing, serious buyers are motivated to make their purchase soon, before those two things rise further. That means, 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 current real estate market has incredible opportunities for homeowners looking to make a move. Listing your house this season means you’ll be in front of serious buyers who are ready to buy. Let’s connect so you can jumpstart the selling process.
Enter your email address to subscribe to this blog and receive notifications of new posts by email.
Join 2,136 other subscribers
When it comes to pricing your house, there are a lot of factors to consider.
If you’re following along with the news today, you’ve heard about rising inflation. Today, inflation is at a 40-year high. According to the National Association
Once you’ve applied for a mortgage to buy a home, there are some key things to keep in mind.
If you own a home, your net worth likely just got a big boost thanks to rising home equity.
Reliable Investment Consulting is a professional team of real estate consultants focused on helping individuals sell, buy, and manage residential and commercial real estate smarter in the Washington, DC, Maryland, and Baltimore metropolitan areas. By leveraging resources used by investors, we help our clients to make more profits and dividends on their real property assets. We help our clients to sell for maximum value and buy like experienced investors
© 2022 Reliable Investment Home Team