PLEASE NOTE we are now brokered by eXp Realty. Call or text Alisha Collins, eXp Realty at 307-247-1806 or email at alisha@casperpowerhouse.com We are excited to talk with you!
What is a Sellers Market? We Want To Set You Up For Selling Success. Watch this series videos to find out how to have selling success.
When there are more sellers and more than six months of inventory listed for sale, the scale tips and it becomes what is considered a buyer’s market. Today, there are simply not enough houses available on the market for the number of buyers who are actively looking to purchase them. And it’s creating a serious seller’s market.
According to Danielle Hale, chief economist at realtor.com, total active inventory continues to decline, dropping 52% nationally versus last year, with buyers active in the market and sellers still slow to put houses up for sale. Homes are selling quickly and the total number actively available for sale at any point in time continues to decline. Clearly, many more people are interested in buying than selling this spring, creating the ultimate seller’s market.
When this happens, homeowners who are in the position to sell to have the upper hand in negotiations. According to NAR, agents are reporting an average of 4.1 offers per house and an increase in bidding wars. Now, this isn’t happening in the Casper area but it obviously could. As the seller, this means the ball is in your court, so much that you can use your leverage to negotiate the best possible contract. Demand is there and now is the perfect time to sell for the most favorable seller terms. We want to set you up for selling success.