May 21 Show – Segment 1 – Where is this Real Estate Market Heading Now?
We air the Real Estate Voice show every Saturday, if you cannot listen to the whole show, it is available on YouTube, just search Barb Schlinker, and its also on most podcasts like IHeart Radio
Barb, this is still a red-hot real estate market and especially for home sellers. My listeners tell me they love your show because they learn so much about buying and selling homes and it gives them information to help them succeed with their real estate investment. What will we be covering today?
#1 Reason Holding Sellers Back: Not Having a Destination Lined Up
* Once a Contract is Accepted - a seller is committed!
* Worries About Not Having a Place to Go
#2 Reason Holding Sellers Back: Need to Sell First
* Sale Contingencies – More Difficult to get Offer Accepted
o Recently had an agent fail to tell me that!
* Need to Get $$$ Out of Home to Buy Next Home
#3 Reason Holding Sellers Back: Having to Compete for Next Home
* Competing Buyers with Cash – More Difficult to get Offer Accepted
* Per NAR – Average home sold got 4.8 Offers in the past month
#4 Reason Holding Sellers Back: Fewer Homes to Choose From
* Not able to Find Right Next Home
* Prices for Next Home Too High
CURRENT INVENTORY RISING!
* Inventory of Available Homes at STILL LOW!
* Inventory of Available Homes UP FROM 2021 by 44%
* YET: DOWN BY 48% Compared to PRE COVID 2019
o 1067 All Types of Properties (SFA, TH, Condo, Patio)
o 976 Single Family Homes
LOW SUPPLY - HIGHER DEMAND!
#5 Reason Holding Sellers Back: Getting Priced Out of the Market with Higher Prices or Higher Interest Rates
* 30 year fixed VA = 4.75%, Conv = 5.5%
* Average Price Increase in 1 Year = 15.8%
* Average Price Increase in 1 Year - $70,375
You are listening to the Real Estate Voice with Barb Schlinker of Your Home Sold Guaranteed Realty, if you are thinking of making a move Barb at 719-301-3900 or visit BarbHasTheBuyers.com
When we come back…. we will be discussing: Costly Home Selling Mistakes to Know BEFORE You Put Your Home Up for Sale
