First, you need to know what is a Sellers’ Market. Then how to track the inventory trends on how strong the market is by visiting the Metro Detroit Housing Market Prices and Trends below. Then work through the steps on How To Sell Your House for Top Dollar.
Even if you haven’t been following real estate news, you’ve likely heard about the current sellers’ market. That’s because there’s a lot of talk about how strong market conditions are for people who want to sell their houses. But if you’re thinking about listing your house, you probably want to know: what does being in a sellers’ market really mean?
What Is a Sellers’ Market?
The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows housing supply is still very low. There’s a 2-month supply of homes at the current sales pace.
Historically, a 6-month supply is necessary for a normal or neutral market where there are enough homes available for active buyers. That puts today deep in sellers’ market territory (see graph below):
What Does This Mean for You When You When You Sell Your House?
When the supply of houses for sale is as low as it is right now, it’s much harder for buyers to find homes to purchase. That creates increased competition among purchasers which could lead to more bidding wars. And if buyers know they may be entering a bidding war, they’re going to do their best to submit a very attractive offer upfront. This could drive the final price of your house up.
If you are worried about the Housing Bubble Headlines…
I’ve taken a deep dive into why this time isn’t like last time and provided graphs and videos on why we are in a housing bubble in Metro Detroit. Check It Out if you have concerns.
Concerned about Mortgage Rates?
Because mortgage rates and home prices are climbing, serious buyers are motivated to make their purchase soon, before those two things rise further. I’ve created a video and blog post on How to Approach Rising Morgage Rates as a Home Buyer. That means, if you put your house on the market while supply is still low, it will likely get a lot of attention from competitive buyers.
How To Sell Your Home for More 💰
If you would like a step by step proven plan how to sell you house and make more money in the process. Then click the button bellow. You have full access on what I do for my clients to guarantee they are staying ahead of their competition and selling for Top 💰
Know What Type of Housing Market Were In Before You Sell Your House
👈👈👈 Video Provided: You Have Direct Access to the Multiple Listing Service 3-Year Live trends by city and price range updated by the 15th of every month. You can also keep up to date by requesting our newsletter. I also provide Sold Data as well.
I’ve provided additional videos regarding the housing market and how you can benefit from all the tools on this page. Whether you’re selling or buying real estate now or later.I recommend keeping up to date and protecting your real estate investment. It’s essential to follow the Housing Market Trends for Metro Detroit and know The Market You’re In, and it’s the only way you’ll know your true Negotiation Power.
Your 🔑 To Home Selling and Buying Success ~ Safe eGuides
Watch Video for Sneak Peak 👉👉👉
Don’t muddle through the Home Buying and Selling Process. Buying a new home is a dream for all of us, and it’s an emotional and stressful process.
It also involves the most significant financial transaction you probably will make in your lifetime. Your Buying Guide…will walk you through tips, strategies, and how to understand the numbers to strengthen your negotiation power.
Your Selling Guide…It will help you work through the selling process using the latest in high-tech market tools, so you make MORE Money. Our goal is to separate your home from the competition, keep Buyers focused on your house. The Selling Guide is very detailed and works step-by-step, so you’re guaranteed Top Dollar for your home.
Take a peek into my crystal ball
Take a sneak peak into the spring market and a video is provided. We are keeping an eye on tree main trends.
1. Mortgage Rates and a solution to save Thousands in Closing Cost.
2. Housing Inventory trends. Will more homes come on the market or will the housing market start to slow?
3. Home Prices ~ Get access to your to live 3.year line graph trends by City. There is a video provided regarding Metro Detroit Housing Market Prices and Trends for April. May numbers will be out by the 15th.
The current real estate market has incredible opportunities for homeowners looking to make a move. Listing your house this season means you’ll be in front of serious buyers who are ready to buy. Let’s connect so you can jumpstart the selling process.
Simplifying Real Estate Through Education
As we move forward, it’s been challenging as we navigated through all the changes. Putting your dream of a new home on HOLD shouldn’t be one of them. Now more than ever, knowledge will be your power. Know the Market You’re In and your Negotiation Power. Check out Categories for additional updates regarding the Market | Buying | Selling
I Recommend 🛑Doing This!
No 2 homes are alike, and agents need to 🛑 marketing ONE size fits all. We no longer have an exposure problem (internet). Your home is buried on public home search internet sites. The only way to compete on those platforms is the price. If you want more money, you need to apply Influence. Separate your home from the competition, so the Buyer sees value. Keeping them focused on your property and not getting lost in homes’ inaccurate data on public internet sites is necessary. Having digital omnipresence on serval platforms is your key to success. Remember MORE INFLUENCE = MORE 💰. We have details on how you can utilize High Tech Marketing and Win!
If you have any questions, contact us: Chatbot 🤖 at the bottom. Contact me by Email 📩 or my Cell 📲 @ 248-343-2459. Would you mind sharing your thoughts below or what future article you would like to see? Your opinion is important to us…. this site is for you.🤩 To Keep up to date request our 🏡 Chat Newsletter or Follow us on Facebook, Instagram, or YouTube