Home sales were way up this in May as well as prices. The number of homes sold was up by 44 compared to last May.
Looks like the bottom has passed, as prices are rising and so are interest rates.
This may be a good time for you to buy while interest rates are still under 4%.
And yes it is still true that if you want to get your home sold fast price it right.
The homes that sell the fastest are priced right to beat the competition right out of the gate, in good locations, and in good condition. The homes that are languishing on the market for many months and those that have expired have tested the waters and they are to cold. Learn from their mistakes and price it right.
If your looking to buy, have your pre-approval in hand so you can make an offer when you find the perfect home. If it’s relatively new to the market be ready to pay full price, maybe even a bit more as the low number of homes for sale, and hungry buyers eager to get a new home is bringing multiple offer situations back to the market. I had a client just lose a bid on a home that had 9 offers.
Want to know where the market is headed? Let’s talk!