Should I Sell Now?
With rising home values, increased inventory, and active buyers is now a suitable time to sell my home?
- Is it even a promising idea to move right now?
If you already own a home, you might be cautious to sell due to considering taking on a higher mortgage rate for your next property. However, the cost may be offset by the significant rise in home values and present equity.
Consider recent sales in your neighborhood—have you noticed how much homes are selling for? The typical homeowner has gained quite a bit of housing wealth over the past five years. This increase in equity can provide the financial boost needed to make your next move possible.
- Will I be able to find a home I like?
Data indicates that inventory has increased by nearly 25% compared to this time last year. Experts predict an additional 10 to 15% increase in inventory this year. This means you have more options than in recent years, finding a suitable home that meets your needs.
- Are buyers still buying?
If you are concerned that rising rates and prices have deterred buyers, consider this: While home sales in the past year were below typical market levels, approximately 4.24 million existing homes were sold, according to the NAR. This figure does not include new construction, and experts anticipate an increase in sales for 2025. Every day, thousands of people are actively searching for homes like yours.
The Bottom Line
The current market status offers promising opportunities for sellers. Rising home equity, increased inventory, and continued buyer demand suggest that now could be an ideal time to make your move. If you have questions or concerns, call Linda Risden at 772.529.5538 who can provide the clarity and confidence needed to take the next step.