Our 2022 real estate market has arrived with continued limited inventory, increased home price appreciation and buyers desperately looking for new properties. What does this mean to you as a seller? Less competition, higher sale 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 compared to this time last year in Northborough, Southborough and Westborough, with Marlborough and Shrewsbury staying the same.
A deeper dive into the most popular price ranges within these communities shows the limited inventory in various price ranges.
High borrower demand, it’s the perfect time to list your home and here are the reasons why:
Homeowners have gained significant equity in their home. Capitalize on these market conditions and the equity you have built in your home.
Buyers will compete for your home due to limited inventory. The supply of homes for sale regionally and locally is at record low which means many more buyers competing for your home.
Buyers will pay more than asking price to compete for your home and engage in bidding wars to have their offer accepted in multiple offer situations.
Consider downsizing and maximize your equity or moving up while interest rates are at a historically record low for affordability.
Market conditions have never been so positive for sellers. Low interest rates, motivated buyers and limited number of homes for sale make 2022 perfect time to sell your home.
Are you ready to sell?
I know 2022 will be a robust year for real estate due to limited inventory and appreciating sale prices, along with high buyer demand and record low interest rates. With hundreds of buyers currently looking for new homes to purchase, now is a great time to join many other happy sellers and profit from this strong sellers’ market while the sale prices continue to appreciate.
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.