The market has slowed down considerably the past few weeks, but this is nothing new; home sellers may just need to be a bit more diligent in their preparation.
Want to sell your home? Get a FREE home value report.
Want to buy a home? Search all homes for sale.
For those that may already be in the process of selling their homes or looking to buy homes, the market has definitely changed this quarter.
This change has happened the last three or four years in a row, where during the time period after 4th of July weekend until about the middle of August, the market quiets down. This is particularly true this quarter. The last eight or nine weeks have been about as slow as the market’s been for the past few years.
The market has been slower this quarter, but don’t let that worry you.
There is less inventory on the market because of this, and there are definitely fewer buyers out there looking for homes. This is why if you’re planning on listing your home, it’s important to be diligent with your preparation.
Maximize your chances of getting offers by getting your home pre-inspected and cleaned to showroom condition. Be sure to price it accurately as well – gone are the days of listing your home on the market and hoping for the offers to roll in.
Homes are also spending more time on the market today, even those below the $300,000 range, so don’t be surprised if your home takes a little longer to sell than you might have expected.
