I keep getting asked the same question: So, how’s the market doing? And I keep getting asked it in the same way, with true fear for my livelihood. I think that sellers in particular are afraid that the market is just simply dead because of the dreaded INTEREST RATES!!! (I don’t know how to type something spooky, so bear with me.)
However, they are all completely wrong. We so badly need listings right now. Cold hard facts:
Currently there are 2,462 houses under contract, meaning someone is buying them.
At the same time, we only have 2,417 houses currently active on the market.
There are more houses going through the process of being sold right now than there are houses for sale. To add fuel to this fire, it typically only takes 30-45 days for a house to go from being under contract to being sold. So more houses have sold in the past two months than there are currently houses available to buy. And this is the busiest time of the year.
Quite frankly, if you have been thinking about selling, this is a golden time to do it. I have so many buyers just waiting for the right house to come along. One hundred percent of the sellers I have worked with in 2023 have their house either completely sold, or under contract right now.
If you are looking to buy, interest rates are still at historically low levels. If you are looking to sell, we need inventory. Give me a call.
As always, I love doing what I do. I love looking at the market, and I love building relationships with the people I get to help. Let me know how I can help you. Call me today. You can reach me at 515.639.0047 or RyanLynch@KW.com. I am good at what I do, and I want to help you.
~Ryan Lynch
