Friday, June 21, 2019 / by Brian Ness
Buyer demand continues to outpace the supply of homes for sale. This means that buyers are often competing with one another for the few listings that are available.
Housing inventory is still under the 6-month supply needed to sustain a normal housing market.
Now may be the time for you and your family to move on and start living the life you desire!
Monday, June 17, 2019 / by Brian Ness
Here are 5 compelling reasons listing your home for sale this summer makes sense.
1. Demand Is Strong
The latest Buyer Traffic Index from the National Association of Realtors (NAR) shows that buyer demand remains strong throughout the vast majority of the country. These buyers are ready, willing, and able to purchase… and are in the market right now! More often than not, multiple buyers are competing with each other for the same home.
Take advantage of the buyer activity currently in the market.
2. There Is Less Competition Now
Housing inventory is still under the 6-month supply needed for a normal housing market. This means that, in most of the country, there are not enough homes for sale to satisfy the number of buyers.
Historically, the average number of years a homeowner stayed in his or her home was six, but that number has hovered between nine and ten years since 2011. Many homeowners have a pent-up desire to move, as they ...
Friday, May 17, 2019 / by Brian Ness
Top Days to List Your Home for Sale [INFOGRAPHIC]
ATTOM Data Solutions conducted an analysis of more than 29 million single family home and condo sales over the past eight years to determine the top days to list your home for sale.
The top five days to list your home brought in a 10% premium over market value and are all in either May or June!
“Families start their home search when they know their kids will be out of school and when the weather is ideal for home viewing and moving, giving home sellers an upper hand in price negotiations.”
There is still time to list your home before these dates pass you by!
Wednesday, March 14, 2018 / by Brian Ness
Schools can have a big impact on property value and quality of life. If you're buying a home, here are a few reasons local school ratings matter – even if you don't have kids.
1.The next buyer will consider school ratings, too
According to a recent National Association of REALTORS Profile of Home Buyers and Sellers, 25 percent of homebuyers listed school quality and 20 percent listed proximity to schools as deciding factors in their home purchase. Another survey conducted by Realtor.com showed that 91 percent of the people surveyed included school district boundaries in their decision-making process. You may be surprised to learn that not all of the shoppers involved in the studies had ki ...
Thursday, March 30, 2017 / by Clark Jones
Recently, I have been contacted by buyers who are interested in purchasing a home in Stewartville. They absolutely love the town, the sense of community, the local schools, the proximity to Rochester, proximity to the Mayo Clinic. outdoor opportunities,proximity to local shopiping and malls, etc. However when helping them search for homes, they have become increasingly frustrated with the lack of inventory there. This is true for the majority of the market in Southeast Minnesota but in Stewartville in particular.
So with this curiosity at my finger tips, I took the liberty to explore some statistics from our local MLS to learn more. To my surprise, I found the average days on the market there to have decreased 53% from this time a year ago. In addition, the average sales price has risen 115% in one year. What does this mean? It means people who live in Stewartville are reluctant to leave because of their love for the town. It al ...