Supply & Demand lack of inventory is driving home prices up and market time at an all time low.

What does that mean for the seller you ask?

It is explained here in a nutshell

With inventory at an all time low, and the lack of available homes for the buyers to buy who are entering the market is certainly becoming problematic. On the other hand, it is a real incentive for sellers who are considering selling their home. There just aren’t enough homes to go around! This gives the seller the upper hand in this market. We call this a sellers market! Sellers are finding once their home hits the market, if their home is priced competitively, they are receiving multiple offers (sometimes as many as 10-20 offers)… “yes, this is true and not a typo” … which is driving the price of their home up and, in many cases, contracts settle over list price.

This is the BIG talking point within the real estate community today here in Connecticut and beyond. We are seeing a market like no other. How long will this last? Will prices continue to go up and if so for how long, or will they start to fall? Ah, if only I had that crystal ball, because that certainly is the BIG question. I have always told my clients, “We only know what we know now, we have no way of knowing what tomorrow will bring!”

If you have been thinking about putting your home on the market, contact me to see if now would be the best time for you to make the “move” for you personally. It may be, or it may not be … regardless of the market. There are many moving parts in today’s market to consider, and you want to make sure you make the best move possible based upon what yours and your family’s wants and needs! Together, we will look at the BIG picture – so you can determine what makes the best sense for you!

Let’s discuss in more detail your individual needs to decide if now is the time for you to SPRING INTO THE MARKET!!

Happy Spring!



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