The Time to Sell is ... NOW! | Monday Minute April 19, 2021

At this point, you probably have noticed that we are still experiencing quite the sellers market.  With a limited amount of inventory on the market, interest rates at still all time lows, and a buyer demand like never before, there has never been a better time to sell your house.  Homes are selling for well over asking price, with limited to no contingencies!  And for a seller, it doesn’t get any better than that!  The question that comes up the most right now is, when is a good time to put my house on the market?  In short, Right Now is the best time to list and get top dollar.So let’s dive into that. With House prices continually going up month after month, the real question is how long will it last?  And how do I catch it before the “dip”?  If you have any experience in the stock market, you know how hard it is to time things perfectly.The nice thing in real estate vs the stock market, there are more realistic tells on why the market is leaning one way or the other.  Currently, the number one reason homes are selling so quickly and sellers are getting top dollar is due to the massive demand of buyers and the super low inventory levels. However, as inventory levels begin to creep back up, buyers will start to have more choices on the market, and with more choices, means less money being offered on the current homes on the market.  We are starting to see these inventory levels increasing.  Compared to this past February, the number of new listings in Frederick County have increased by over 42% in the month of March.  Coming into the first half of April 2021, we have already seen 13% more listings than the entire month of February - and that's just the first half of the month! Now compared to past years, the inventory levels are still lower, however, they are increasing each week.  And as the inventory levels continue to increase, the prices buyers are willing to pay will start to decrease. Eventually as the inventory increases, the market values will start to level off, making it easier as a buyer to purchase a home, without the same level of competition.So if you are looking to capitalize on this insane sellers market, there has never been a better time.  If you have any questions on the value of your home and what you could earn in this market, give us a call today, we look forward to helping you!