Sellers’ Market Fall 2021:
Is It a Sellers’ Market Right Now in Metro Detroit MI Area?
Whether or not you’ve been following the real estate industry lately, there’s a good chance you’ve heard we’re in a serious sellers’ market. But what does that really mean? And why are conditions today so good for people who want to list their house?
It starts with the number of houses available for sale. The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows housing supply is still astonishingly low. Today, we have a 2.6-month supply of homes at the current sales pace Nationally. Historically, a 6-month supply is necessary for a ‘normal’ or ‘neutral’ market. (see graph below):
Supply and Demand affecting the Sellers Market
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 leads 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. As this happens, home prices rise. Furthermore, sellers are in the best position to negotiate deals that meet their ideal terms.
Right now, many buyers are ready, willing, and able to purchase a home. Low mortgage rates and the ongoing rise in remote work have prompted buyers to think differently about where they live. Buyers are ready to take action. If you put your house on the market while supply is still low, it will likely get a lot of attention from competitive buyers.
Sellers Market for Macomb and Oakland County for October 2021
Housing Market Trends and Predictions by City
Every month we update the live 3-year live trends by city. Equally important is how long it takes homes to sell in your City and Price Range. You also have access to custom data for Sold Homes, so you don’t have to rely on Public Websites Estimates. Easy access and communication, just call or text 248-343-2459. It’s important if your buying or Selling is to Know the Market You’re In and Your Negotiation Power.
Sellers’ Market Bottom Line
Today’s ultimate sellers’ Market holds tremendous opportunities for homeowners ready to make a move. Listing your house now will maximize your exposure to serious buyers who will actively compete against each other to purchase it. Let’s connect to discuss how to jumpstart the selling process.
🛑 I Recommend STOP Doing This!
No 2 homes are alike, and agents need to 🛑 marketing 1 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!
Peek into My Crystal Ball
This is the 3rd time I’ve been involved in a housing crisis in the real estate business. We will be watching for a shift as our economy and interest rates start bouncing back. There are 3 parts to making the most money on the sale of your property.
- Know the Market You’re In ~ Live 3-year Market Trends.
- My Blueprint is Your 🔑 to 🏡 Buying & Selling Success~ Education is critical.
- Prepare a marketing plan that influences buyers.~ High Tech Digital Marketing
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
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