|
Spring bulbs are bursting with color, and the trees around town are ablaze with blossoms, signaling the arrival of a new season. The optimism in the market remains palpable, buoyed by resilient buyers who are swiftly placing properties under contract when they discover the perfect match, both in terms of home and price.
A notable shift in the market last month was the increase in inventory. While buyers grapple with financing pressures, they now have a broader selection to consider, thanks to sellers re-entering the market. Active listings have surged by 19.51 percent in the last month and 51 percent year-over-year.
As we move though May, inventory is expected to continue its ascent, emphasizing the importance of conservative pricing. Buyers are increasingly drawn to homes priced at fair market value, requiring minimal additional investment.
I've observed that well-priced, move-in-ready homes are selling notably faster and often attract multiple offers. Conversely, homes needing significant work are struggling to find buyers. If you're considering selling, let's plan ahead to ensure your home is primed for a successful sale.
| 
