Home Sellers Are Gearing Up To List Their Properties
Lawrence Yun, Chief Economist at the National Association of Realtors, noted the beginnings of a turn in the real estate market: “After a pause, home sellers are gearing up to list their properties with the reopening of the economy…Plenty of buyers also appear ready to take advantage of record-low mortgage rates and the stability that comes with these locked-in monthly payments into future years.”
Zillow also reports an increase in listings, which is great news for the health of the real estate market: “The number of new for-sale listings overall has shown improvement, up 5.9% last week from the previous week. New listings of the most-expensive homes…are now seeing the biggest resurgence, up 8%. The uptick is likely a sign sellers are feeling more confident because of improving buyer demand, as newly pending sales have also jumped up during the same period.”
Many home owners have been considering selling but have been holding off from listing their homes due to the pandemic. However, the pool of buyers has been growing. With low interest rates and high interest in the low inventory of homes for sale now is the time to list! Are you ready to sell?