This infographic from NAR is helpful in framing how you can ensure you get the most out of the relationship with your real estate agent.
Tag: real estate agent
An important factor in today’s market is the number of homes for sale. I normally share local inventory by price point; however, I thought I would take a step back to look at the data on a national level. While inventory levels continue to sit near historic lows, there are indications we may have already hit the lowest point. We’re still not close to a balanced market, which would be a 6 months’ supply of homes for sale. However, we are seeing a slow but steady increase in homes coming up for sale. See the chart below for a long-term perspective.
Given what we are seeing, what does it mean for buyers and sellers?
Whether you are looking to buy, sell or invest in real estate, it is important to understand market conditions. Real estate is hyper-local, with market dynamics changing from subdivision to subdivision. However, county trends generally give you a good idea of what to expect.
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Buying Your First Home
- Sell Your Home Faster
Even though we are in a seller’s market, you still want to do everything you can to sell your home as quickly as possible, and for the most amount of money. Having aerial photograph or video drastically improves your chance of selling your home fast. In fact, research has showed that homes featuring aerial photography or video sell 68% faster than those without it.