What Sellers Need To Know in Today’s Housing Market

If you’re thinking about selling your house, you’ve likely heard the housing market has slowed down, and it’s true. While it’s still a sellers’ market, the peak frenzy the market saw over the past two years has cooled.

Now if you’re wondering if you’ve missed your chance to sell your house and make a move, the good news is you haven’t – motivated buyers are still out there. But you do need to price your house right for today’s market.

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 (see slide 3)

But don’t forget – that’s compared to the severely overheated market we saw over the past two years.

While this is a slower paced market, serious buyers are still out there, and they’re buying homes that are priced right.

As buyer demand softens, it’s important to understand this isn’t the same market as last year. It’s not even the same market as just a few months ago. But it is still a slight sellers’ market.

If you’re thinking about selling your house and you have questions about the market, let’s connect! 📧

leah@leahguerrahomes.com