What’s the main challenge buyers face in the current real estate market? No, it’s not too many Zoom calls. The truth is, there aren’t enough homes for all the buyers out looking right now. All the recent offers we submitted for our buyers have turned into multiple-offer situations, and the houses sold for over list price.
This can be frustrating for buyers, but an excellent opportunity for sellers. A market like this means more money in sellers’ pockets; prices have increased an average of 8.8% over the last year. This also means properties are spending less time on the market; the average market time is falling and currently sits at 76 days. Additionally, buyers are motivated, and inventory has dropped 26.8% to just three months.
Saying it’s a good time to sell is the understatement of the year. If you’re considering selling, we’ll put together a free market analysis of your home so you know its value in the present market. Your home’s value has likely improved since you bought it. It would be our pleasure to discuss maximizing the profitability of your home when selling.
Give us a call at (847) 261-8929 or send an email if you would like a market analysis. If you have any questions, we’d be glad to answer them because curiosity is just one of our team’s values. We’re here to help with all your real estate needs.