I’m sure I am not telling you anything new when I say that the harsh winter we had did not do any favors for the housing market. In fact, February of this year compared to February of last year the number of closed home sales decreased a whopping 13.1%. While this is certainly a big decrease it is important to remember that weather really does play a big part in this and the market itself is alive and well. Low inventory was also a culprit in the negative numbers that hit us this winter but that also can be blamed on many people not wanting to list their home in the snow. Now that winter is officially over it is a whole new ball game. The good news is that home values remained in-tact and all predictions point to a booming year in real estate if the inventory increases.
With that being said I cannot stress enough how this is a wonderful year as a seller. The housing prices are rising so those of you who have wanted to sell but initially thought you were underwater on your mortgage, you may finally be able to get out from under your house. Putting your house up for sale this spring/summer is definitely a wise idea since it is always hard to determine if the housing market will remain steady next year or the year after. What we do know is that for now things are looking positive and housing prices have nearly completely recovered from the years and years of the housing market crash.
If you are wondering what your house could be listed for, wanting to know how we can market your home using multiple forms of advertising and social media marketing, or want advice on what to do to get your home ready to sell, my team would be happy to come out and do a free analysis on your home. Our no pressure approach will allow you to make the best financial decision for you and your family and allow you to make all decisions regarding the sale of your home. We look forward to hearing from you!