Q: It seems like the real estate market has gotten very strong?
A: Yes and nobody expected a rebound quite like this! Things to consider:
1) A huge pent up demand due to COVID,
2) Ridiculously low-interest rates now at 3.13% (More than half a percent higher than last year), and
3) Lack of inventory already existed and then many of the few sellers began pulling their homes off the market and waiting for “normalcy” to return.
This has created bidding wars, homes being sold very quickly, and sellers reaping more money than ever for their homes. Who knows how long this will last, but it is the ideal scenario for sellers. If you want to talk more about how your home fits into this selling season, give us a call so we can help you stay safe while getting the most out of your home allowing you to focus on your dreams.