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The supply of homes for sale is still low, so we’re still in a sellers’ market today. Selling while inventory is this low means if you price your house right, it is likely to be in high demand. The graph below puts today’s inventory into perspective.
While it's natural to be concerned about selling your house in a market with higher mortgage rates than during the pandemic, it's important to note that many potential buyers are still looking for homes, and with the help of a skilled real estate agent, you can attract these buyers and sell your home successfully.
Nationally, home prices have come down a bit since their peak last summer, but recent data shows that home prices appear to have bottomed out and are now on the rise again in much of the country.
The less inventory there is on the market when you sell, the less competition you’re likely to face from other sellers. That means your house will get more attention from the buyers looking for a home this summer.
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I’m sure you have questions and thoughts about higher interest rates and how they will affect the sale of your home.
I’d love to talk with you about what you’ve read here and help you on the path to homeownership.
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