The Market is Heating Up Exciting News for Homebuyers and Sellers: The Market Is Heating Up! The latest data is showing signs of strength and opportunity for both buyers and sellers so now is the time to strike and make your move in the real estate market.
Hi there, I’m Terry Tucker with eXp Realty and I’m a 27 year veteran of real estate.
Let’s break down the data. For Sellers: It’s Your Time to Shine. New home listings are up 7.6%, the largest year-over-year increase we’ve seen since last summer. Why? Sellers are recognizing the incredible opportunities and leveraging them in the market. Home prices remain high with the national median sale price up 6% since last year and the biggest jump since October of 2022.
Consumer confidence is also starting to boom hitting a 16-month high after the 2024 November election. More people feel secure making big financial decisions like listing their home.
And finally, buyers are hungry. Buyers are tired of sitting on the fence waiting for the shifts to happen. They are now taking action and homebuying demand is up, making it a perfect time to take advantage of the market’s energy.
So, if you are a seller that’s unsure about whether now is the time to list, this is ALL good news. But also opportunity is knocking for buyers. Recent data shows mortgage applications are up 18%, And month over month and pending home sales are climbing. More buyers are adapting to the new normal of mortgage rates and know the window to buy is now.
So, whether you’re looking to buy or sell, this winter is busier than usual. Buyers are motivated and sellers are confident, and the market has opportunity. Waiting could cost you, whether it’s a missed buyer for your home or a price increase on your dream property.
Connect with my team and I whether buying or selling and let’s strategize together to make sure you’re in the strongest position to succeed. [Name, Brokerage, Slogan]
And if you need to sell a home… ask me about my home-selling plans. I took the pain out of negotiating with a Realtor and made it SUPER simple. Really! Choose Silver, Gold, or Platinum – Pick your Plan and Pick your Price. Terms do apply. I’m Terry and I sell homes. Let’s get started! Call me today!
