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Some Highlights

In today’s sellers’ market, you’re set up to win big when you list your house.
That’s because homes are selling fast, receiving 4.4 offers on average and often selling above the asking price. Then, when you buy your next home, you’ll also win by addressing your changing needs and taking advantage of near historic-low mortgage rates.
If you’re ready to make a move, let’s connect so you can capitalize on today’s market and find your next dream home.

Five 2021 Real Estate Market Statistics

Inventory Levels — This statistic gives your clients an idea of how many homes are actually out there, and whether it’s a seller’s or buyer’s market. Currently, the market favors sellers, since inventory is low and demand outweighs supply. Share this with your clients and explain what this real estate market means in relation to their journey.
Home Prices — These days, prices are at record highs, and they just keep going up thanks to a shortage of inventory and high buyer demand. Once new homes hit the market, prices will begin to level off. Your buyers should be prepared to adjust their budget and expectations according to median home prices and real estate trends in your area.
Days on the Market — Houses are flying off the shelves these days, and buyers in this market must be prepared to compete. With this quick turnaround, they aren’t necessarily going to get the first home they view. Sellers should remember that despite how quickly homes are disappearing, an overpriced property will take longer to sell.
Home Offers — Home offers indicate how competitive the marketplace is. Multiple offers are the current new normal, giving buyers less flexibility when they put in a bid. Your buyers should be prepared to waive contingencies, forfeit earnest money and offer above asking price in order to secure a home.
Buyers Search — While things are quick for sellers, buyers have a longer road ahead in this competitive environment. It is unlikely that they will score the first house they visit, and they will have to remain persistent. This should be easy with a great real estate agent by their side!