05/26/2022
Why does this market help both buyers and sellers?
While our active listings are climbing quickly, the days one the market are still under 15 days. First, we will focus on sellers.
This market is beneficial to sellers because, well for obvious reasons of high sales prices and a large pool of active buyers looking to purchase. But as interest rates rise, the pool of buyers shrinks in size. This does not mean that your home will not sell, but what it ensures is attracting the right buyer for you home who is more serious about the purchase and less likely to back out of the offer. As a seller in this market, you get more certainties. You get serious buyers, and with more active listings, you get more opportunity to find the right home for you to transition to. You will also get the certainty of selling your home for the highest price possible if you hire a professional to assist you.
Now for the buyers, even with rising interest rates, we are still at a historical low for rates.
Why this market is especially good for you to purchase in is because as more listings get placed on the market, the more opportunity you have to identify the right home for you. We currently have over 5,000 active listings on the market and 3,800 of those are single family homes. This is over 3,800 options for you to make your dream of home ownership possible.
As the rates rise, it means less completion for the buyers that are dedicated to the process of purchasing a home. It all has to do with your motivation as a buyer to purchase a home. Unmotivated people will always find a fault in the market to not purchase. If you have a professional at your side, armed and ready to educate you on the shifts in the market and how, ultimately, any market is a good market to purchase in if you want to make that dream a reality.
If you have any questions about the market, or how to navigate it as a seller or buyer feel free to reach out!