Tight housing inventory has made 2021 a great year to list a home. Low interest rates mean homes are selling quickly and buyer competition remains as strong as it was in 2020. The average home is only on the market 3 weeks.
There are many reasons why Sellers are deciding to move, their house could be too small, there could be a change in family situation or maybe they just want to be closer to friends and family. There is also potential for major equity gains. The average home sold for a median of $66,000 more than what the sellers originally paid for it.
Sellers will continue to hold the upper hand throughout the 2021 market as the number of buyers in the market outweighs the number of homes for sale.
Are you ready to make a move? Now more than ever, even despite the digital age, skilled real estate agents are in high demand. Last year in 2020, 89% of sellers worked with an agent. Working with an agent it crucial, especially in this market. If you are interested in a market analysis to see what your home is worth in this hot market, call our office today! We would love the opportunity to serve you.