Why It's a Seller's Market

Are you considering selling your home? We’re currently in a seller’s market, so now is the perfect time. Here’s why:

York Market Statistics

• There are 597 less active listings in January 2021 than there were in 2020, less than half the amount of houses on the market altogether.
• Homes were on the market an average of only 9 days!
• Listings received at least 100% of list price & many went for even higher.
• The median sold price for 2021 so far is $214,000. That’s a 22% increase from 2020, which comes out to $39,000!

What does this mean for selling my home?

It’s as simple as this…with so few houses on the market, if you decide to list there is a much higher demand to buy your home.

“According to the Realtors Confidence Index Survey from NAR, the average home for sale is receiving 3.7 offers today.”

Keeping Matters Current

Low demand coupled with a higher volume of offers leads to a higher sold price. This is the ultimate advantage of selling your home in the current market. Your home’s value is likely appreciating, and you can get a great offer in a very short amount of time.

What if I can’t find a place to move to?

This has been a big concern for people considering selling. There is definitely low inventory, but there are certainly options available to you such as new construction or working with an agent.

• New construction: Right now there are lots of opportunities to build a home in York County. In this market you may have trouble finding what you want, but building your own dream home is a great solution!
• Working with an agent: Working with a real estate agent is almost essential in this market. Agents have a layer of understanding and expertise that elevates your experience. They have access to platforms, and will be able to suggest options, you most likely don’t even know about.

If you’ve considered selling your home recently, it really is the best time to make that decision. Our team is ‘The Key to Real Estate,’ and we’re ready and willing to work with you in this process. Reach out to us for more information!