This Winter 2023 edition of the Home Sellers Guide seasonal series, includes many tips such as Should I Sell My House This Winter, The Perks of Selling Your House When Inventory Is Low, Home Prices Are Not Falling, Why Setting the Right Price for Your House Still Matters, and much more.
What is inside the Home Sellers Guide Winter 2024
SHOULD I SELL MY HOUSE THIS WINTER?
With everything going on in the housing market lately, you might have some questions about selling your house. Here are a few things you might be wondering, and the answers to help you feel confident about your decision.
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- Are There Still Buyers Looking for Homes?
Are you putting off selling your house because you’re worried no one’s buying due to where mortgage rates are? If so, know this: plenty of buyers are still out there, and they’re purchasing homes today.
Buyers will always need to buy, and those who can afford to move at today’s rates are going to do so. That means buyer demand hasn’t disappeared.
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- Is It Worth It To Sell Now?
The supply of homes for sale is still low, so we’re still in a seller’s market today (see graph below). With more buyers than homes today, buyers crave more options, and your house may be just what they’re looking for. Selling while inventory is this low means if you price your house right, it’s likely to be in demand. The graph below puts today’s inventory into perspective.
- Are Home Prices Falling?
Put simply, they are not. Recent data shows home prices are on the rise at a normal pace in many parts of the country. And while prices vary by market, experts project they’ll continue to rise at typical levels of appreciation in the years ahead.
So, with the worst home price declines behind us and prices appreciating today, you can still sell with confidence this season.
THE PERKS OF SELLING YOUR HOUSE WHEN INVENTORY IS LOW
When it comes to selling your house, you’re probably trying to juggle current market conditions and your own needs as you plan your move. One thing that may be working in your favor is how few homes there are for sale right now. Here’s what you need to know about the current inventory situation and what it means for you .
The graph below uses data from Realtor.com to look at active listings this year compared to what’s more typical in the market. It doesn’t include 2020-2022 because those weren’t normal years for the market.
The current Vero Beach real estate market is still active and buyers are still looking for a home in Vero Beach. Get the latest Vero Beach market insights here
HOME PRICES ARE NOT FALLING
In late 2022, some experts said home prices would crash in 2023. That made a lot of people worried about the strength of the residential real estate market. If you’re one of them, here’s what you should understand
Home Prices Never Crashed. Disregard what you saw in the headlines. The actual data shows home prices were remarkably resilient and performed far better than the media would have you believe (see graph below):
This graph uses reports from three trusted sources to clearly illustrate prices have already rebounded after experiencing only slight declines nationally. That’s a far cry from the crash so many articles called for.
WHY SETTING THE RIGHT PRICE FOR YOUR HOUSE STILL MATTERS
It’s important to set the right price for your house. Rely on an expert to make sure it’s priced appropriately for today’s market. While this isn’t the frenzied market we saw over the past few years, homes that are priced right are still selling quickly and seeing multiple offers right now.
To get a high-level look into the potential downsides of over or underpricing your house
and the perks that come with pricing it at market value, see the chart below:
For more information on how to sell your Vero Beach house in today’s real estate market, get a copy in this FREE Winter 2024 Sellers Guide by completing the form below.
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