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  Despite the state of things right now is an amazing time to list your home. According to the National Association of REALTORS®, existing home prices are expected to go up 4.7% this year and 4.1% in 2021. Furthermore, record-low mortgage rates are encouraging more buyers and first-time home buyers to jump into the fray. The whole “rent versus buy” debate is swinging sharply in favor of buy with the current rates.

 
Low Inventory

 

Some sellers are reluctant to put their homes on the market. Those who are able to hold off are choosing to do so whether because of financial uncertainty for their own future or just an unwillingness to have people traipsing through their home. This creates a low inventory, which offers a unique opportunity for those who are able to take advantage of it.

 
Activity in our local real estate market this December:
Single family homes and condos from December 1st through December 17th:
Sold: 1120
New Active: 484
Pending: 1095
Withdrawn: 67
Expired Listings: 59
Cancelled: 150
Days on Market: Avg: 14

Total days (taken off active status and then re-listed) 32

 

A Solid Pricing Strategy

Pricing your home just right when you list is essential. You might think that because of the low inventory, you can price your home high because you have less competition. However,

overpriced homes still cause buyers to shy away. Instead, you need to choose a competitive price in line with the market value of your home. This strategy will attract several buyers and, hopefully, spark a bidding war. Enough enthusiastic

buyers will drive up the price of your home and often get you the higher price you wanted.

 

Expert Real Estate Help

The best way to do this is with the help of an expert real estate agent who is well versed in the local real estate market. You need someone who fully understands the housing market in your area to help you pick the perfect price to start that war. I can help you do that. If you are thinking that this is the right time for you to buy or sell a home, or just have real estate questions, please give me a call or shoot me an email. I look forward to hearing from you soon!

Homes are moving quickly -even in December-if priced to sell!