Selling your home is one of the biggest decisions (and undertakings) you go through as an owner.
In order to keep positive equity, deciding WHEN to sell is almost as crucial as pricing your home correctly to maximize final selling price.
Seeing data and trends make a huge difference so you are informed to capitalize at the right time.
Real Estate cycles are normally 7-10 years peak to trough (based on the last 76 year historical analysis). As of today, we’re now 9 years since the last crash of 2007/2008. In fact, property values have now exceeded the high point of the 2007 housing bubble.
Two major advantages that still exist for sellers are lower interest rates- (motivating many buyers to get in while they are still below 5%) and quality inventory is in short supply.
Here are some very important stats from the first quarter you should know if you've been thinking of putting your home on the market
|Number of Homes For Sale|