Competition Is Coming: Are You Thinking Of Selling Your Home?
How will this impact buyers?
More inventory means more options. Lawrence Yun, NAR’s Chief Economist, explained this is good news for the housing market – especially for those looking to buy:
How will this impact sellers?
More inventory means more competition. Today, because of the tremendous lack of inventory, a seller can expect:
With an increase in competition, the seller may not enjoy these same benefits. As Chief Economist Nela Richardson added:
If you are considering selling your house, you’ll want to beat this new competition to market to ensure you get the most attention for your listing and the best price.
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