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Is Now the Right Time to Sell Your Home? A Deep Dive.

Sarah Jenkins

Sarah Jenkins

Oct 24, 2023 • 5 min read

Modern city skyline

The real estate market has been a rollercoaster over the past 18 months. With inventory levels fluctuating and interest rates stabilizing, many homeowners are asking the same question: Is now the moment to list?

Understanding the Current Inventory

One of the biggest drivers of home prices is supply and demand. Currently, we are seeing a historic low in housing inventory. This means that for sellers, competition is low, and your property is more likely to stand out.

However, buyers are more discerning than ever. The days of putting a sign in the yard and getting 20 offers over asking price in an hour are cooling. Preparation is key.

"In this market, pricing strategy is everything. Overpricing by even 5% can lead to your home sitting on the market for months."— Sarah Jenkins, Senior Broker

The Interest Rate Factor

While rates have ticked up, serious buyers are still active. Many are looking to lock in a home before any potential future hikes. This creates a window of opportunity for sellers who present a turnkey property.

Financial charts

Market data showing rate stability in Q3.

Key Takeaways for Sellers

  • Ensure your home is staged professionally.
  • Address minor repairs before listing.
  • Be flexible with showing times to capture maximum traffic.

Ready to discuss your home's value? Contact us today for a free comparative market analysis.

#RealEstate#SellingTips#MarketUpdate
Sarah Jenkins

Written by Sarah Jenkins

Senior Broker & Market Analyst

Sarah has over 15 years of experience in the luxury real estate market, helping hundreds of families find their dream homes.