What Homes Sell in Today's Market?

Here's what you need to know: recent stories about the home market cooling and decreasing buyer demand have made many scared they've missed their chance to sell. But don't worry, the buyer demand is still there; it has just slowed down from the peak intensity it reached over the previous two years.

Mortgage rates reached record lows throughout the pandemic, significantly increasing buyer demand. Buyer demand declined this year as rates rose due to things like growing inflation.

Understanding the current state of the housing market is essential for selling in a dynamic environment. Although the market is not what it was last year or earlier this year, it's still a great time to sell.

One thing to understand is that it will take more work to remain competitive in this market. Inventory has risen, and homes are staying on the market longer than they have over the past two years.

Because of this, Buyers have more options to choose from and can be more selective. Most homes that are selling have been updated to reflect the market and new standards that buyers hold. Buyers today want to buy a home that is updated and move-in ready; they don't want to spend additional money after already spending more on a home due to increased prices and interest rates.

With this in mind, if you plan to put your house 

on the market, we encourage you to make the necessary updates to sell.

If you have any questions about what updates we recommend for your home, we would love to help. You can fill out the form below or call us directly at (512) 261-1000.