The Hopper Group

What do sellers and buyers need to watch out for in the coming months? 📊

☘️ March had an increase in month-end active and new listings hitting the market, making it better for buyers that had been struggling to find a place since sellers brought more inventory to chose from.

I’m Chrissie Hopper with Inmotion Group Properties.
The market still feels very hot, with homes selling faster and for more money than ever before. That’s largely because supply remains near record lows.

-Many🏡 homes get multiple offers, some with waived contingencies.
-The average homes sell for about 4% above list price and go pending in around 5 days.
-🔥 Hot homes can sell for about 10% above list price and go pending in around 3 days.

Mortgage rates are shooting up at the fastest pace in history. The rise in mortgage rates is top of mind for sellers, too. If you’ve been considering putting your 🏠 home on the market, now’s the time.

There are still plenty of buyers, this real estate market is more protected than ever before and mortgage rates are only going to keep climbing, making it more expensive to find your home.
While we currently sit at 19.88% appreciation compared to last year, more inventory at the end of March is just a glimpse of what we can expect to see through the spring and summer market. While waiting may create more options, it does not guarantee more value.