What You Really Need to Know about Buying & Selling in 2024
Taking the "yikes!" out of navigating the market with this blog (you'll wanna save this!) Buyers and sellers are much more educated with what's happening in the market. They are researching information online long before they ever reach out to an agent.(This is why I take the time to share so much on here with you, because I want to make sure you're getting accurate info!!)With all the information out there, it can be easy to find yourself feeling analysis paralysis. In other words, you have SO MUCH INFO that you're just paralyzed and not sure what to do next.So consider this blog the skinny. It's what you *really* need to know about the market right now, especially if you're considering buying or selling in 2024. Homes for Sale While the number of homes on the market have increased 15% since last year at this time (according to data from Calculated Risk), we are still experiencing a 40% deficit in homes for sale since 2019.In other words, the market IS starting to balance itself out, but it's taking time, as expected.Homes are sitting on the market longer, too, so patience is non-negotiable. The Price is Right The true key to listing your home right now is pricing it right. This is where the help of an agent you trust really comes into play.This is also why, when I'm not showing homes or meeting clients, you'll usually find me sitting on my laptop, researching data in our area so that I can guide my buyers and sellers the best I can. Savvy Buyers Now more than ever, it’s crucial that buyers know their numbers. If they don’t take the time to see what they can really afford, they may hop on the “wait until the interest rates drop” bandwagon, and find themselves in competition with an influx of buyers.If you CAN afford the house you want at today’s rates, you should go for it, because lower rates often mean more offers and higher asking prices. If you are ready to navigate the real estate market, let's meet for coffee (my treat!) and make a plan together!
