We are still in the first quarter of 2019 and the housing market and experts are still trying to figure out what will happen with the real estate market this year. Buyers and sellers are looking at lower prices in some areas whereas others are experiencing a shortage of houses on the market. How does all of that affect you when the time comes to sell your property? If you need to sell quickly because of divorce, finances, a new job or any other reason there are some trends that you should be paying attention to as they will affect your selling price.
Markets tend to be slow this time of year, but as the temperatures climb so do housing prices. Spring is generally one of the better times of year to list your house, renters and first time buyers tend to start looking in the spring so they can move into a new home in the summer months. Families don’t want to move during the school year but they will start looking around April.
If you can wait to list until then it can help you get a better price. Wages have also gone up and interest rates have remained fairly low which helps the housing market. There are state and federal tax programs that help first time buyers get into a new home. All of that is good news for sellers looking for a quick sales in today’s market.
Fewer Houses on the Market
This is a great time to sell your home as there are fewer homes on the market up for sale. The economy is still doing relatively well in Georgia and that gives buyers the confidence they need to finally buy their first home. So if you are planning on selling you stand a much better chance of getting a good price, even if it is not the ideal time of year or you need to move quickly.
Millennials are Finally Buying
Since the last economic crash there has been a bigger trend towards renting rather than buying. Millennials were hesitant to get into home ownership but that trend is finally starting to change. Renters didn’t want to repeat the mistakes of the past and did not want to get into mortgages that they couldn’t afford. Now they are looking for a home to call their own, that can help you sell your home quickly.