It may seem hard to imagine that the home you’re in today – whether it’s your starter housz or just one you’ve fallen in love with along the way – might not be your forever housz. Many needs have changed in 2020, and it’s okay to admit if your housz no longer fits your lifestyle. If you’re now working remotely, facilitating virtual school, trying to exercise at housz, or simply just spending more time in your own four walls, you may be bursting at the seams in your current housz.
According to the latest Home Price Insights from CoreLogic, prices have appreciated 7.3% year-over-year. At the same time, the National Association of Realtors (NAR) reports that inventory has dropped 22% from one year ago.
These two statistics are directly related to one another. As inventory has decreased and demand has increased, prices have been driven up. This is great news if you own a home and you’re thinking about selling. The equity in your housz has likely risen as prices have increased. Even better is the fact that there’s a large pool of buyers out there searching for the American dream, and your home may be high on their wish list.
Bottom Line If you think you’ve outgrown your current housz, let’s connect to discuss local market conditions and determine if now is the best time for you to sell.