Have you been thinking about selling your home? This spring is one of the best times in recent history to do it!
While spring is traditionally one of the best seasons for sellers to put their homes on the market, this spring in particular has been stronger than most and has yielded some excellent results for those looking to score top dollar for their properties.
According to a recent report from CNBC, the supply of available homes on the market was down 6.6 percent during the month of March compared to the same time period in 2016. Additionally, the National Association of Realtors reported that the unsold home inventory across the country accounted for just a 3.8-month supply at that time – well below the average of a five- to six-month supply in a balanced market. Properties that were sold in March were only on the open market for about 34 days, as well, which is down dramatically from 45 days in February and 47 days in March 2016. That means that there are a lot of people buying homes right now and not enough sellers to meet the demand, leading to bidding wars on homes and sellers collecting even more than they were expecting for their homes in some cases.
As a result of this sellers’ market, many are confidently listing their homes for well above what they normally might ask – and receiving offers at that price, as well. If you’ve been holding off on putting your property on the market, this recent boom should give you the confidence you need to put your home on the market. If the current trend continues, you shouldn’t have to wait long for the offers on your home to start coming in.
Even though the market is strong today, you will still need help marketing and selling your home if you want to make the most money possible on it. No house is going to sell itself, but by working with Phillips Real Estate, you can get the help you need to list and sell your property and get it out to interested buyers. We will work with you from listing to closing and help make sure that your sale goes as smoothly as possible.
If you have been thinking about putting your home on the market, call us at 405-368-9409 today.