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Summer Market is HEATING UP! What Sellers need to know…

Summer Market Heating Up
Summer Market is Heating Up!

Let’s be real, the last couple of months have been hard.

The spring market was set to be one of the busiest markets we have seen, but just like that, the whole country was forced to hit the pause button. We are starting to see the light at the end of the tunnel. Slowly but surely, life (and business) is returning to some level of normal.

One big piece of the market is still playing catch up though. The sellers that were ready to list back in March have been holding off, which is putting pressure on an already low inventory situation.
The good news is that the summer market is heating up. Buyer traffic is increasing and mortgage rates are at historic lows. (56% of homes sold in April 2020 were on the market for a month of less – NAR) The combination of low inventory and high buyer demand is creating an environment where homes are flying off the market. This is also a good indicator that while certain parts of the economy remain frozen, real estate is not one of them. The pandemic has not lowed buyers from acting.

Sellers can anticipate a relatively quick and painless home selling experience, especially in the entry to the mid-level range where demand is the highest. Give us a call to set up an easy in-person or virtual home valuation!

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