In a follow up to a previous blog today may be the best time ever to sell your home. The glut of short sales of single family residences, condos, and townhouses has really decreased. Previously owned inventories in all categories are the lowest they have been in months and prices are up almost 10% from a year ago while interest rates remain at near historic lows at around 3.95%. Time on the market for fairly priced homes is barely over two months.
That is all great news for home sellers though it is highly likely that many of those conditions may change after the first of the year making now the best time ever to sell. A stated in the previous article with new foreclosures just started hitting the market sometime after the first of the year and a predicted rise in mortgage interest rates based on the movement of the FED conditions, though still favorable could change substantially.
In many central Florida neighborhoods home prices have reached or in some cases exceeded those of 2008, inventories of homes are low, interest rates are low and there are scores of buyers looking for homes. If you are thinking of or wanting to sell your home we can assist you today with a comparative market analysis to price your home to your best advantage, and then further assist you with a timely sale of your home using world class marketing. Call today. Every home we list turns to sold!