The hot days of summer are here, and the housing market continues to be extremely hot. With sustained limited inventory, buyers are desperate for new homes to look at. You have probably heard or read the news it is one day and then off the market.
What does this mean to you as a seller? Less competition, higher prices, and a large buyer pool! There is no doubt your house will sell; it is just how high will it sell for. So, let us take a look at the current inventory numbers:
As you can see, there are just about half the available homes on the market today compared to a typical market.
A deeper dive into the most popular price ranges within these communities shows even less inventory:
Coupled with high borrower demand, it’s the perfect time to list your home. As I mentioned earlier in my article, it is not will my property sell, but how high will it sell for, and that is where I excel as a listing agent.
Here are a few most recent examples:
34 Hamilton Rd, Northborough – 3 Bedroom Split Level home with no garage. The sellers received three market analyses from different realtors, and I was hired to sell their home. Between the hot market and my extensive marketing and negotiating skills, I told my borrowers to expect a higher offer price: End Result – Happy, grateful sellers. Listed for $574,999 Sold for $625,000
54 Queensview Way, Marlborough – 4 Bedroom Cape with no garage. The sellers originally asked if we could sell their home for at least $500,000. I recommended $550,000 and told them to expect a higher offer price because of the appreciating real estate market. End Result – Happy Sellers now sitting on a beach in North Carolina. Listed for $550,000 Sold for $628,000
20 Trowbridge, Shrewsbury – 4-bedroom, 2.5 bathroom Colonial. These sellers called me because the first market analysis they received was too low. They had read that the real estate market was appreciating and were concerned about listing it at such a low price. I recommended a higher listing price of $640,000, and we sold for even higher. End Result – Sellers who were very happy they called me. Listed for $640,000 Sold for $692,000
Are you ready to sell? While the summer months tend to be quieter, that has not been the case this year. The appreciating real estate market has shown how hot the market is and is a good indicator of a strong fall market. I do not expect the summer or fall market to cool down, and there are hundreds of buyers currently looking for a new home. That is why now is a great time to join many other happy sellers and profit from the strong sellers’ market while the sale prices are appreciating.
Now’s the Time! If you want to sell your home in this outstanding sellers’ market and would like to discuss the best approach for a positive outcome, call me, Michelle Gillespie, at 508-934-9818, or e-mail [email protected]. Visit my website at www.michellegillespie.com for more information.
Direct Line: 508-934-9818
Each office is independently owned and operated.
Keller Williams Pinnacle Metrowest
114 Turnpike Road, Suite 201 Westborough, MA 01581
All sales data is obtained from the MLS PIN