Selling This Spring? Consider This.

Some Homes Are Still Moving Fast

Well-maintained homes with a current market value price tag are still selling. Senior Economist at Zillow, Jeff Tucker, notes that:

"Sellers who price and advertise their property competitively shouldn't have difficulty finding buyers."

In today's market, correctly pricing your home is crucial, given how much it has changed over the past year. Chief Economist at realtor.com, Danielle Hale, emphasizes:

"With a smaller pool of buyers today and more competition from other homes on the market, sellers will need to adjust their price expectations in the market this spring."

Even though this year's spring housing market differs from last year's, those who set appropriate expectations and rely on real estate agents for the best advice on pricing their home are still finding success. This news is promising if you're considering selling your house.

Buyer Interest Is Still Strong

While mortgage rates have risen and remained volatile, some buyers have put their plans on hold. However, several reasons motivate people to buy homes today. Chief Economist at Bright MLS, Lisa Sturtevant, describes the mindset of today's buyers:

"For some buyers, higher mortgage rates simply mean buying a home is out of the question unless home prices fall. For others, higher mortgage rates will be a hurdle but ultimately will not keep them from getting back into the market after sitting on the sidelines for months."

Working with a local real estate expert will allow you to connect with these highly motivated buyers still looking for their home.

There are still ample opportunities for sellers this spring, despite the challenges with interest rates. If you're unsure about whether to make a move, consider reaching out to me to help you navigate the market. If you're thinking of selling, now could be the right time.