The housing market is very fluctuating and takes many ups and downs throughout the years. There are times to sell and times not too. Everything depends on the basic supply and demand curve of buyers in the area.
For starters, selling homes in the warmer months seems to be the better time. We stage and sell way more homes in the summer months.
According to Realtor.com the home-buying season is now in full swing. Last season, we witnessed a very high seller’s market. However, that season is beginning to fade fast. We are looking to see more of a buyers market now. The D&C talked about how in late 2018 those who were selling houses weren’t always getting the prices they were looking for.
“Nationally, sales of newly constructed homes in September fell to the lowest since 2016, according to the Commerce Department. Sales totaling 553,000 were 13.2 lower than September 2017. In Monroe County, sales of existing single-family homes decreased 2.4 percent during the third quarter that ended Sept. 30 compared to the same period a year earlier, largely due to low inventory. ”
Democrat and Chronicle
The market is beginning to shift and way more houses are being put on the market. Rochester won’t see the same dramatic swings that other larger areas see, but it will have some effect on the market. Buyers may have the opportunity to get in the market without increased competition. Buyers should understand that that interest rates will remain steady and inventory is way up. Those looking to sell or buy a home need to do a lot of research that involves price points in the last few months to make sure they are getting the right price. Check out Zillow, Trulia and HomeFinder for some good info on these topics.
As Inventory Increases, Staging Becomes More Important
Statistics show that staged homes will sell for more money and sell faster
85% of staged homes sell for 6-25% more than unstaged homes”
Home Staging Resource
Staging is a fantastic way to help yourself in an inventory high market. There are a ton of new neighborhoods and housing development being built which skyrockets the inventory of the housing market. Therefore you need to be able to stick out from the crowd. We can offer you a simple consultation to help you figure out what you need to be able to do to make your home stick out.
