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Writer's pictureSteve Forsythe

Experts Say, “Now is a Great Time To Sell!”

Are you thinking about selling your home? There are likely many factors to consider when looking to move, including the mortgage rates, the needs of your family, your occupation, and more.

 

As you consider if 2024 is the time to sell, here are some statistics to ponder. According to the latest Home Purchase Sentiment Index (HPSI) from Fannie Mae, “the percent of respondents who say it’s a good time to sell is on the rise.”



Why are sellers feeling so optimistic in this market?

 

Bankrate says,

“Late spring and early summer are generally considered the best times to sell a home… While today’s rates are relatively high, low inventory is still keeping sellers in the driver’s seat in most markets.”

While this is true across the nation, it is also true for our real estate market in Lake, Geauga, and Cuyahoga counties.

 

Due to the snowy weather in Northeast Ohio, seller’s often wait to sell their home in the winter.  Now that the sun is shining and there is no more snow, buyers and sellers consider this season the best time to move.  As a result, more buyers are entering the market now. However, we still aren’t seeing enough home for sale  to satisfy the buyers who are actively looking.

 

According to Rocket Mortgage,

“Homes that are listed at the end of spring and the beginning of summer typically sell faster at a higher sales price.”

Are you wondering what this means for you?

 

More sellers are realizing that the market is perfect for them to list. Which is why we are seeing more homes enter the market each day. If you think you might want to get in on the action, now is the time to start preparing.

 

Give our team a call and we can set up an initial consultation to help you get your house ready by offering advice, talking you through the process and answering any questions you may have.

 

The bottom line is if you list during the spring or summer, you might sell your house quickly and for a higher price. If you’re ready to make the most of today’s seller’s market, get in touch with our team today!


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