1. Houses That Are Priced Right Are Still Selling
“Sellers who price and market their home competitively shouldn’t have a problem finding a buyer.”
“With a smaller pool of buyers today and more competition from other homes on the market, home sellers will likely need to adjust their price expectations in the market this spring.”
2. Buyers Are Still Out ThereAs mortgage rates have risen and remain volatile, some buyers have pressed pause on their plans. But there are still plenty of reasons people are buying homes today. Lisa Sturtevant, Chief Economist at Bright MLS, spells out the mindset of today’s buyers:
“For some buyers, higher mortgage rates simply means buying a home is out of the question unless home prices fall. For others, higher mortgage rates will be a hurdle but ultimately will not keep them from getting back into the market after sitting on the sidelines for months.”
There are still clear opportunities for sellers this spring. If you’re wondering if it’s the right time to make a move, let’s connect today.