Navigating Today’s Real Estate Market with Expert Guidance

Navigating Today’s Market with Expert Guidance

As you prepare to sell your home, one of your first questions is likely, “How long will this take?” This is understandable; knowing what to expect is crucial.
While every real estate market varies, looking at national trends can provide a helpful baseline. For a more localized perspective, it’s best to consult a local real estate agent who is familiar with your area and can explain current conditions and how they compare to broader trends.
Here’s what a knowledgeable agent can guide you through during your discussion.

Increased Inventory is Impacting Selling Times

Recent data from Realtor.com shows that the number of homes for sale has risen this year. This influx gives buyers more choices, which is beneficial for them, but as a seller, it means your home may stay on the market a bit longer as buyers weigh their options.
In previous years, homes sold quickly due to limited inventory. With more properties available now, it’s natural for the pace of sales to slow slightly. Currently, it takes an average of 55 days from listing to closing, according to Realtor.com.
However, it’s important to note that while homes may not be selling as swiftly as they did last year, they are still moving faster than they did in pre-pandemic years. From 2017 to 2019, homes typically took 60 days or more to sell. Today’s selling process remains quicker than average.
Despite the increased inventory, demand continues to outstrip supply. As NerdWallet points out, “Good homes sell quickly . . .” If your home is appealing and priced appropriately, it can still attract buyers rapidly.

Your Agent Can Make Your Home Stand Out

To facilitate a swift sale, collaborating with a skilled local agent is essential. They will assist you in pricing your home correctly, staging it to highlight its best features, and developing a marketing strategy that attracts potential buyers. Additionally, they will provide valuable insights about your specific market, helping you navigate the selling process smoothly.
While homes may remain on the market slightly longer than before, the right agent and effective strategy can lead to a sale that exceeds your expectations.

Conclusion

If you’re gearing up to sell your home, understanding the timeline is key to planning your next steps. By teaming up with a local expert, you can approach the pricing, marketing, and selling of your home with confidence.