October 19, 2021 at 4:18pm | Kendra Sheikho
2021 has no doubt been a crazy year, but with it has come the ultimate sellers market. In case you missed it, the pandemic launched a home buying spree of epic proportions. A struggling economy sent mortgage rates to low levels while many people sought out bigger, better homes to spend their days working from home.

In summary, 2021 is a good time to sell because:
  • Most of the country is still a seller’s market
  • Supply is inching upward, but it’s still tight
  • Home prices boomed over the past year, boosting equity
  • Conditions won’t stay this competitive forever
You should consider selling now if:
  • You’re trading up and want to lock in a low mortgage rate.
  • You’re looking to maximize retirement funds.
  • You’re OK with renting for a stint.
  • Your house needs some work.

To summarize, real estate conditions within many U.S. cities could change as we progress through 2021 and into 2022. Recent trends suggest that more sellers are now listing their homes for sale, and that could continue over the coming months.

At the same time, steadily rising prices could reduce the pool of eligible home buyers. Higher mortgage rates could compound this effect. Both of these factors — but especially  home prices — could reduce buyer demand as we move further into 2021.

It’s currently a great time to sell a house. Supply is low and demand is high. We also happen to be entering the peak selling season, based on data from previous years. But we don’t know how long the party will last, for sellers.

Call me today if you are interested in selling your home! (315) 405-6744


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