More People Plan To Start Looking Right Now Don't Be Left Holding The Bag
With some homeowners holding off until spring to put their house on the market buyers aren't waiting. They are really taking advantage of the lower interest rates. As a result, eager buyers are entering the market or moving their plans up so they can make their purchases as soon as possible.
Here's a graph from the Consumers Confidence Survey:
While more people are moving their plans up, others are actively putting theirs in motion. Time on the market is a great indication that homebuyers are motivated and moving quickly. According to a recent realtor.com report, the average home sold faster this January than any January on record.
Danielle Hale, Chief Economist at realtor.com, notes:
“Homes sold at a record-fast January pace, suggesting that buyers are more active than usual for this time of year.”
What Does That Mean for You?
And because there are so few homes available for determined purchasers to choose from, if you’re planning to sell your house this year, doing so sooner means you can take advantage of high buyer demand before more houses are listed in your neighborhood. Why is this important? Because as more houses are put up for sale, buyers will have more options. But until then, your house will be in the spotlight.
Lamont "Ben" Orr - The Orr Team eXp Realty 720-425-3365