Perhaps you need more space for your growing family, or you just landed a big promotion at work and are ready to move up. Whatever your situation, selling your current home is a big decision, and there are a lot of considerations to make when determining whether or not you’re ready. To help you decide, here are three advantages of selling in Dayton’s current market…
- More buyers and higher median sales price: According to the National Association of Realtors’ (NAR) Foot Traffic report, there are more buyers in the market right now than at any other time in the past three years. This contributes to Dayton’s 5.49% median sales price increase over last year, according to the Dayton Area Board of Realtors (DABR).
- Homes are selling fast: The number of homes for sale in the DABR is down 4.10%, while sales are up 11.02% year-over-year. This also factors into the rising property values -- more buyers with fewer homes to choose from causes inventory to move quickly. This means less time to wait before you’re in your new home!
- Good time of year: Historically, spring has been the best time of year to list a home, but with buyers outpacing the number of homes on the market, sales will remain strong through the rest of the summer and into the fall. We still have plenty of warm months ahead of us, and daylight saving time gives buyers more time to look during the work week.
All of these factors set the stage for a great market for the rest of 2016. It’s time to grab the equity out of your home and use it to make your dream come true. Click here to find out how much your home is worth.
Still not feeling ready? Don’t rush it. The bottom line: List when it suits your needs, and don’t try to chase the market in either direction. Coldwell Banker Heritage Realtors is here to help when the time is right for you.