Is it better to list your home now or wait for the market to change?
As a seller, if you can’t find what you’re looking for in your next home, should you list now or wait for the market to change?
The best time to sell your home is when inventory is low and demand is high; fortunately, our current market has these exact conditions. However, the Federal Reserve has decided to increase interest rates to balance out the market. Their goal is to see more homes enter the market and reduce demand. Currently, we have less than two months of supply, and there are less than 1.5 months of supply nationwide. The Fed’s goal is to raise inventory to above three months.
From a supply and demand standpoint, you’re in a much better position to sell your home now than you will be when interest rates and inventory increase soon. In other words, the more balanced the market becomes, the fewer opportunities you’ll have to get top dollar for your home.
Let us help you get on the market before your window of opportunity closes. Don’t hesitate to reach out to us by phone or email if you have any questions or need any assistance. We’d love to hear from you.