With all the news about changing real estate market conditions, you may be wondering if it’s a good time to sell your home. Traditionally, the real estate market heats up with the weather, and this year is no exception.

If you’re on the fence about selling, here are a few good reasons why now is a good time to do so.

Low inventory. With fewer properties on the market, a home that’s in great shape and shows well will stand out.

Strong demand. There are many well-qualified prospective home buyers currently looking to buy a home at all price points among the limited options.

Decreased competition. With continued low inventory, sellers are facing less competition, while strong buyer demand is creating multiple offers in some markets.

Rising interest rates. The Federal Reserve has signaled that rate hikes will continue, even if they’re not as steep, and mortgage rates typically follow the federal funds rate. Buyers who qualify to purchase a home now may not qualify for that same price point once rates increase.

Appreciation. In some areas, home values have appreciated by more than 20% in recent years and remain high. This trend provides a significant profit for homeowners who sell.

Real estate is hyper-local, so to find out more about what is happening in our area, your Long & Foster Real estate agent can provide that information.  

If you are considering selling your home, your agent will be happy to provide you with a comparative market analysis of its value. Plus, they can advise on how to get your property ready for market and guide you throughout the entire selling process. 

Alternatively, if you’re planning to buy a home, they can help you prepare so you’ll be ready to make a winning offer.