Buyers are on the move
It is a fact that homebuyers are on the move. If you have been waiting to put your current house on the market, now is the time. With extremely low mortgage rates, starter or move up homes are in hot demand.
As homebuyers compete with limited home inventory, the homes that are available are selling fast. In fact, according to this article in Realtor.com:
Last week, the average time a property spent on the market was 13 days faster than a year ago, marking the seventh consecutive week that homes are selling 13 or 14 days faster than they did in 2019.
For the 13th week running, listing prices logged double-digit growth, up 12.9% over last year. This latest increase is on par with the 12.2% growth that was recorded in October, when the median listing price reached $350,000.