Is it Good Time to List?
I am being asked a lot these days whether the market has softened and is it a good time to list ones property. My answer to the first question is that although we see less activity in the market compared to normal busy year’s transactions, closings do happen every single day. There is not a day go by without an offer, a closing or someone looking for properties. People need to live somewhere, life circumstances change and they need to sell or move someplace else and these motives and needs create a great chance for things to happen which is connecting between sellers and buyers.I really and truly believe that when the time comes for someone to sell their property listing it will call for the buyer who has the same need on the other end to find a home. Whether it is in good times or bad times as perceived by many, it has little bearing on the connection that is going to happen between buyers and sellers.What one needs to do before making a move to list their property is to evaluate deeply his and his family needs. If the time came to sell, putting it on the market is just a transaction. It is the outcome of these needs and it is the answering of the call. We as agents are the ones who need to carry through our clients’ wishes and bring them to fruition but the timing depends solely on when it is right for them and it is when they feel it. We are here to help.
Please Note That This Analysis Pertains to May 24-May 30.
Activity was Still Very Low For This Season with Only 130 Transactions But with a Noted 30% Increase Week Over Week. Same Week Last Year Had 322 Transactions. Sold Price to Listed Price Percentage went Also Up to 99%. Please Note That Three Months Ago The Sold Price to Listed Price Was at 104%. Clearly We Have a More Balanced Market Now.
Please Note That 70% of The Activity Has Been Around The More Affordable Properties Under The 1 Million Dollars Mark. Sold Price to Listed Price There was at 99%. For The more Expensive Properties We Saw a Sold Price to Listed Price at 97% Which is in line with Previous Weeks. This is Important to Note as We See More and More People Coming Out and Businesses Open. I think we can sense a slight increase in Confidence in The Market as number of transactions increased from previous weeks. We Will Need to Continue Monitoring This Trend for The Next Several Weeks.
Take Care Everyone and Stay Healthy and Engaged..
I will Keep You Informed…