Published April 19, 2021
MARKET REPORT 4.19.2021
We aim to give you valuable information on how to navigate our current market. Here is what we know;
+ We are still in a sellers’ market and numbers have remained pretty consistent for 2021
+ Prices are still rising. If you have been thinking about buying, there really is no better time than right NOW. The rate at which you can save is exceeded by the rate at which prices have been increasing. So, if you haven’t already talked with a lender now would be the time.
+ Housing inventory is still low, but so are interest rates meaning…
+ There are MANY, MANY buyers ready and looking to offer. For example
+ Paige's latest listing in #orting had 73 showing and 22 offers. Only 1 buyer’s offer can be chosen. Meaning there will be 21 others still ready and looking to buy! This also means that for every 3-4 showings an offer was submitted.
+ We have seen more offer review dates, pre-inspections, waived inspections, offers $30,000 - $50,000+ over asking price, 22AD's, and escalation clauses. Buyers are truly putting out their most competitive offers!
SELLERS, now is still the best time to sell! Our biggest advice: work with a professional(s) to come up with a personalized plan for your property. It is important to make sure that your home is in its best selling/showing condition, that you are pricing correctly, and that you are allowing enough time for buyers to see the home & submit their offers.
FIRST-TIME BUYERS, don’t get discouraged, GET PREPARED. It is critical that you work closely with your lender & real estate agent to come up a competitive buying strategy. It may take some looking and a few offers, but you will find a home!
If you want to learn more about buying or selling, comment below, send us a message, or visit the link in our bio. We love to strategize and figure out the best way to get you into the home of your dreams!
