It's still a sellers market

The real estate market is constantly fluctuating, making it difficult to predict what's going to happen next. However, one thing that has remained consistent is the fact that it's still a sellers market. This means that if you're a home seller, now is a great time to put your property on the market and potentially make a solid profit.

Market Update

According to recent data, home prices have continued to rise over the past year across the country. In fact, the median home price in the United States is now over $350,000. This is great news for sellers who are looking to make a profit on their investment. Additionally, interest rates are still historically low, making it easier for buyers to afford a home.

Sellers

As a seller, there are a few things you can do to maximize your profits in this market. First, it's important to price your home competitively. With so many buyers in the market, you can afford to be a little more aggressive with your asking price. However, it's important not to overprice your home, as this can turn off potential buyers. Additionally, staging your home is a great way to make it more attractive to buyers. A well-staged home can help buyers envision themselves living in the space, which can ultimately lead to a faster sale.

Real Estate News

There are a few trends in real estate news that sellers should be aware of. First, the pandemic has led to a surge in demand for suburban and rural homes. Buyers are looking for more space and a quieter lifestyle, which has led to an increase in demand for homes outside of major cities. Additionally, the rise of remote work has made it easier for buyers to move farther away from their workplace. Another trend to watch is the rise of iBuying. iBuyers are companies that use technology to make an almost instant cash offer on a home. While this may sound like an attractive option for sellers, it's important to note that iBuyers typically offer significantly less than market value for a home.

In conclusion, it's still a sellers market, which means now is a great time to sell your home.  Just be sure to price your home competitively and stage it well to attract potential buyers. Additionally, stay on top of real estate news and trends to ensure that you're making informed decisions about your sale.