What is the Market Telling Us?

Sellers

We can hear you calling...

 

Following the real estate market, you can hear it speaking. We felt the frenzy when higher interest rates were a threat, the silence when they hit, and the small thunder when the buyer returned. We are still experiencing a sellers market, slightly subdued in comparison to earlier this year.

If you are asking yourself if you have missed your chance to sell your house and make a move, the good news is you haven't. An abundance of motivated buyers are still out there. But you do need to price your home right for todays's market.

 

Here's why...

 

It is true buyer demand has slowed over the past few months as higher mortgage rates made it more expensive to buy a home. The result is fewer bidding wars and less competition among buyers. Don't forget, that is compared to the severely overheated market we experienced the past two years. Serious buyers are still active in the market and and are buying homes priced right. 

If you are planning to sell your home, it is important to price it for today's market. As buyer demand softens, it is essential to understand this is not the same market as last year, or even the same as a few months ago. We are still in a strong sellers market

The sweet spot where the demand is still high and we have not lost the equity gains of previous years. If you are ready to sell your house, call Carla Knight Homes. Carla can help you understand what is happening with buyer demand and home prices in your neighborhood. Using Carla's experience in preparing your home to enter the market. You will need to adjust your expectations accordingly to meet the market where it stand right now. It can mean stating at a lower asking price and expecting a longer listing time. 

Follow the Facebook link to Carla Knight Homes for monthly Market Snapshot showing Jefferson County and Metro-Denver. For a more in-depth look at your neighborhood micromarket, Carla Knight Homes contact page.

 


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