Now is still the time to sell your home. Inventory in markets throughout Massachusetts remain very low. The result: prices are on the rise and homes are spending less and less time on the market. Buyers are still actively looking, but with so few homes to consider they quickly find themselves in multiple offer situations.
There are simply not enough homes coming up for sale to meet the demand. The Boston Globe recently reported that one reason could be that would-be sellers are still worried about the housing market recovery despite the dramatic improvements in the real estate market.
"[Timothy Warren, chief executive of Warren Group, a Boston real estate tracking firm] said that buyers, who delayed home purchases during the recession, are returning to the market in droves, spurred by an improving economy and rising mortgage rates. He estimates there’s an unmet demand of about 100,000 homes in Massachusetts — about two years of sales at current rates.
In other words, it’s good to be a seller."
At Dwell360 we are working in this changing market everyday. Our buyers are struggling with making fast decisions as homes are quickly snapped up. Our sellers are often receiving multiple offers within the first few days their homes are on the market. But with our client-focused approach and extensive experience, our agents are guiding our clients successfully through these tricky situations. Give us a call.