It’s the first of July, and summer is in full swing! Although summertime is typically thought of as a time to relax, if your family is anything like ours, your days are booked! We find ourselves scurrying around between tennis practices, vacation bible school, BBQs & summer celebrations. We have in no way slowed down, and neither has the KC Real Estate Market!
You’ve probably heard the buzz in the air about it being a “Seller’s Market.” Although the argument could be made that we have not had a full recovery, it is, without a doubt, a much better market than even a year ago. Median home prices have risen 16% in just the past 6 months! There is an incredibly low inventory right now and we are working with a number of highly qualified Buyers who are struggling with the limited selection of homes. When one of our Buyer’s does find a home, we are typically in a multiple offer situation. These are times when you will be glad to have an expert Agent on your side! In the past 7 days alone, 3 separate Buyers I am working with have had the winning bid in a multiple offer situation.
It’s important to note that my Seller’s, among others, have been able to receive multiple offers because they were priced right! My most recent deal (just this morning) received multiple offers the first day on the market. Regardless of how slim the market is, if your home is overpriced, it will not sell. Likewise, no matter how slow the market, if your property is priced appropriately (even that home with a toilet installed in the middle of the living room), it WILL sell!
So how do you decide if it’s the right time to begin searching for a home/to sell your home? Start gathering information, and make an informed decision that you are most comfortable with. We’d love to help you with the task! Fill out the contact form below, or give us a call and let us know how we can best serve your real estate needs today.
I’d say stay cool this summer, but hey, we all know you’re cool already Best, Ray Orellano Principal Broker/Owner
By Brittney Orellano
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