Nancy Lederman

We are still in a 𝐬𝐞𝐥𝐥𝐞𝐫’𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 with a 2.6 month supply of homes for sale at the current sales pace.

Historically, a 6 month supply is necessary for a 'normal' or 'neutral' market.

Why are conditions so good for our sellers? It starts with the number of homes available for sale, which is still low.

When the supply of homes for sale is low, it creates increased competition and upward pressure on prices. However, there are still buyers who are ready, willing, and able to purchase a home.

𝐋𝐚𝐰𝐫𝐞𝐧𝐜𝐞 𝐘𝐮𝐧, 𝐂𝐡𝐢𝐞𝐟 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐬𝐭 𝐚𝐭 𝐍𝐀𝐑, 𝐬𝐚𝐲𝐬: “𝘐𝘯𝘷𝘦𝘯𝘵𝘰𝘳𝘺 𝘭𝘦𝘷𝘦𝘭𝘴 𝘢𝘳𝘦 𝘴𝘵𝘪𝘭𝘭 𝘢𝘵 𝘩𝘪𝘴𝘵𝘰𝘳𝘪𝘤 𝘭𝘰𝘸𝘴. 𝘊𝘰𝘯𝘴𝘦𝘲𝘶𝘦𝘯𝘵𝘭𝘺, 𝘮𝘶𝘭𝘵𝘪𝘱𝘭𝘦 𝘰𝘧𝘧𝘦𝘳𝘴 𝘢𝘳𝘦 𝘳𝘦𝘵𝘶𝘳𝘯𝘪𝘯𝘨 𝘰𝘯 𝘢 𝘨𝘰𝘰𝘥 𝘯𝘶𝘮𝘣𝘦𝘳 𝘰𝘧 𝘱𝘳𝘰𝘱𝘦𝘳𝘵𝘪𝘦𝘴.”

If you list your house in good condition and at the right price, it could get a lot of attention from competitive buyers.

𝐓𝐨𝐝𝐚𝐲’𝐬 𝐬𝐞𝐥𝐥𝐞𝐫𝐬’ 𝐦𝐚𝐫𝐤𝐞𝐭 𝐡𝐨𝐥𝐝𝐬 𝐠𝐫𝐞𝐚𝐭 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐟𝐨𝐫 𝐡𝐨𝐦𝐞𝐨𝐰𝐧𝐞𝐫𝐬 𝐫𝐞𝐚𝐝𝐲 𝐭𝐨 𝐦𝐚𝐤𝐞 𝐚 𝐦𝐨𝐯𝐞. 𝐋𝐢𝐬𝐭𝐢𝐧𝐠 𝐲𝐨𝐮𝐫 𝐡𝐨𝐮𝐬𝐞 𝐧𝐨𝐰 𝐰𝐢𝐥𝐥 𝐦𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐲𝐨𝐮𝐫 𝐞𝐱𝐩𝐨𝐬𝐮𝐫𝐞 𝐭𝐨 𝐬𝐞𝐫𝐢𝐨𝐮𝐬, 𝐜𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐛𝐮𝐲𝐞𝐫𝐬. 𝐋𝐞𝐭’𝐬 𝐜𝐨𝐧𝐧𝐞𝐜𝐭 𝐭𝐨 𝐝𝐢𝐬𝐜𝐮𝐬𝐬 𝐡𝐨𝐰 𝐭𝐨 𝐣𝐮𝐦𝐩𝐬𝐭𝐚𝐫𝐭 𝐭𝐡𝐞 𝐬𝐞𝐥𝐥𝐢𝐧𝐠 𝐩𝐫𝐨𝐜𝐞𝐬𝐬.

We’re in a Sellers’ Market. What Does That Mean? Even though activity in the housing market has slowed from the frenzy we saw over a year ago, today’s low supply of homes for sale is still a sellers’ market.

𝐓𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐡𝐚𝐬 𝐜𝐡𝐚𝐧𝐠𝐞𝐝. 💡⁠
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Over the past two years the imbalance of low housing supply, high buyer demand, and low interest rates pushed home sales and buyer competition to new heights.

𝐁𝐮𝐲𝐢𝐧𝐠 𝐚 𝐡𝐨𝐦𝐞? Rising interest rates have eased home buyer demand, along with mounting economic uncertainty. Housing supply has increased nearly 27% over last year, though still low overall. 𝘠𝘰𝘶'𝘭𝘭 𝘩𝘢𝘷𝘦 𝘭𝘦𝘴𝘴 𝘣𝘶𝘺𝘦𝘳 𝘤𝘰𝘮𝘱𝘦𝘵𝘪𝘵𝘪𝘰𝘯 𝘢𝘯𝘥 𝘮𝘰𝘳𝘦 𝘰𝘱𝘵𝘪𝘰𝘯𝘴 𝘵𝘩𝘢𝘯 𝘭𝘢𝘴𝘵 𝘺𝘦𝘢𝘳.

𝐒𝐞𝐥𝐥𝐢𝐧𝐠 𝐲𝐨𝐮𝐫 𝐡𝐨𝐦𝐞? Buyers are still out there, and your house may be exactly what they've been looking for. 𝘜𝘯𝘥𝘦𝘳𝘴𝘵𝘢𝘯𝘥𝘪𝘯𝘨 𝘵𝘩𝘦 𝘮𝘢𝘳𝘬𝘦𝘵 𝘤𝘰𝘯𝘥𝘪𝘵𝘪𝘰𝘯𝘴 𝘢𝘯𝘥 𝘱𝘳𝘪𝘤𝘪𝘯𝘨 𝘺𝘰𝘶𝘳 𝘩𝘰𝘮𝘦 𝘳𝘪𝘨𝘩𝘵, 𝘣𝘢𝘴𝘦𝘥 𝘰𝘯 𝘤𝘶𝘳𝘳𝘦𝘯𝘵 𝘮𝘢𝘳𝘬𝘦𝘵 𝘷𝘢𝘭𝘶𝘦, 𝘺𝘰𝘶𝘳 𝘩𝘰𝘮𝘦 𝘤𝘢𝘯 𝘨𝘦𝘵 𝘴𝘰𝘭𝘥 𝘲𝘶𝘪𝘤𝘬𝘭𝘺.

𝐁𝐨𝐭𝐡 𝐠𝐫𝐨𝐮𝐩𝐬 𝐚𝐫𝐞 𝐜𝐨𝐧𝐬𝐢𝐝𝐞𝐫𝐢𝐧𝐠 𝐡𝐨𝐰 𝐭𝐡𝐞 𝐡𝐢𝐠𝐡 𝐢𝐧𝐭𝐞𝐫𝐞𝐬𝐭 𝐫𝐚𝐭𝐞𝐬 𝐚𝐫𝐞 𝐚𝐟𝐟𝐞𝐜𝐭𝐢𝐧𝐠 𝐭𝐡𝐞𝐢𝐫 𝐛𝐮𝐝𝐠𝐞𝐭𝐬. 𝘐𝘧 𝘺𝘰𝘶 𝘱𝘭𝘢𝘯 𝘵𝘰 𝘣𝘦 𝘪𝘯 𝘵𝘩𝘦 𝘩𝘰𝘶𝘴𝘦 𝘢𝘵 𝘭𝘦𝘢𝘴𝘵 𝟻 𝘺𝘦𝘢𝘳𝘴, 𝘵𝘩𝘦 𝘰𝘱𝘱𝘰𝘳𝘵𝘶𝘯𝘪𝘵𝘺 𝘵𝘰 𝘳𝘦𝘧𝘪𝘯𝘢𝘯𝘤𝘦 𝘮𝘪𝘨𝘩𝘵 𝘣𝘦 𝘢 𝘴𝘰𝘭𝘶𝘵𝘪𝘰𝘯 𝘥𝘰𝘸𝘯 𝘵𝘩𝘦 𝘳𝘰𝘢𝘥. Let's talk 📲about the current market conditions, and strategize a plan that will help you achieve your real estate goals.

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