As many of us already know the housing market has been on fire in most markets. Buyers who want to buy are competing against multiple offers and sellers are able to capitalize on their
Why you should Sell Your Home this Holiday Season
Dated: December 15 2020
If you've been thinking about selling your home this holiday season may be just the right time to do it. With inventory at all time lows across the country, according to the National Association of Realtors, now is a great time to sell. Across the country the supply of homes for buyers is around 2.5 months, so if every house were to sell we would run out of houses to sell in that amount of time. In Colorado the inventory level is closer to 1-1.5 months. When we are in a normal market the inventory would be around 6 months and a buyers market is over 6 months of inventory.
Combine the low inventory with the incredibly low interest rates and buyers are excited. Whether it's a first home, a move up or move down home, buyers are having a hard time finding a home. They are ready, willing and able to purchase and with more buyers than sellers the bidding wars continue, the prices continue to rise and the offers are very competitive. All of this combined gives sellers the choice to pick the offer that best suits their needs.
Bottom line is the supply of houses isn't keeping up with the high demand making now a great time to sell. Prices are appreciating in the current sellers market so putting your home on the market now will give you the most exposure to buyers who are ready and the most equity gain to purchase the home of your dreams.
Real Estate Remedy-Colorado Springs CO Real Estate- Alyce Chermack, REALTOR/Broker Associate- I provide the real estate remedy for people who are growing their nest or emptying one, so they can focus on the future without the headaches and hassles.
Exit Realty Pikes Peak and its real estate professionals focus on Colorado Springs CO, located in El Paso County. We list and sell homes in Monument, Peyton, Falcon, Manitou Springs, Woodland Park, Pueblo and all nearby communities. 303-475-2792
- Remedy for those who are making major transitions, such as buying their first home or selling a lifelong home - Perfectly suited for buyers and sellers who appreciate additional guidance and care t....