So much has changed in the past year, you may be wondering what the spring housing market will bring. If you intend to sell your home this season, consider the following advice from real estate professionals.

1. Houses That Are Priced Right Are Still Selling

Homes that have been updated and are priced at the current market value keep on selling. Zillow's Chief Economist, Jeff Tucker, states:

“. . . sellers who price and market their home competitively shouldn’t have a problem finding a buyer.”

Because the market has changed so drastically in the last year, it is vital to price your home right. Danielle Hale, Chief Economist at realtor.com, explains:

“With a smaller pool of buyers today and more competition from other homes on the market, homesellers will likely need to adjust their price expectations in the market this spring.”

While this year's spring property market differs from last year's, sellers who have realistic expectations and seek the best pricing advice from a real estate professional are still finding success. And this is excellent news if you are considering selling.

2. Buyers Are Still Out There

Since mortgage rates have increased and remained volatile, a number of purchasers have put their plans on hold. Nonetheless, there are still numerous reasons why individuals own homes today. Lisa Sturtevant, chief economist of Bright MLS, describes the mentality of modern consumers as follows:

“For some buyers, higher mortgage rates simply means buying a home is out of the question unless home prices fall. For others, higher mortgage rates will be a hurdle but ultimately will not keep them from getting back into the market after sitting on the sidelines for months.”

Hence, if you are interested in selling your home this spring, it is beneficial to deal with a real estate professional who can link you with buyers who are currently in the market.

Bottom Line

Each week, an average of 77 homes go under contract just right here in the Conejo Valley. There are still clear opportunities for sellers this spring. If you’re wondering if it’s the right time to make a move, let’s connect today.