Have you heard the market’s pretty good right now? 🙂
Well, it may even be better than you think. Towns and semis are now averaging more than 100% of list price, and the average detached home sale price has crept up nearly $100,000 in the last six months.
All of this means that buyers are getting punished right now. It’s tough to scoop a good deal with the lack of supply, but still possible if you pick your battles. Sometimes buyers need to make a decision to slightly overpay now, and by the time they get the keys 30-90 days later, they’re usually glad they ONLY paid what they did.
If you read the report, you’ll see why that’s not always a great indicator, because sometimes it just means that the larger homes are selling in larger quantities. The real measurements that matter are the two other graphs: How long is it taking for properties to sell (days on market), and how many homes that are listed end up selling in any given month (list-to-sell ratio)?
If you have any questions about the market, reach out and contact us. You can also get a Pin-Point Price Analysis, or request a Sell Your Home For Top Dollar book or a Room-by-Room Review guide. Thanks for watching, and we’ll see you next month!