competing in the market

2021 Market Update

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2021 is the year of the seller when it comes to the housing market. If you own property and you are thinking of selling, now is the perfect time to do so. There is so much opportunity for homeowners that are looking to make a move. The inventory is low and the mortgage rates are even lower.

According to NEREN, we have about a 1.5 month supply of listings currently in the State of New Hampshire. High buyer interest is creating a major imbalance between supply and demand. There has been a small uptick the last few weeks in housing inventory, due to sellers beginning to reenter the market. If you decide to put your home on the market, now is the time because you will get more activity on your house before more listings come available to the market later this summer.

2021 Market Update Read Post »

Are you ready to make a move and sell in 2021?

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Bottom line, there simply are not enough homes available to meet today’s buyer demand. Homes are selling just as quickly as they’re coming to the market. The housing inventory is at a record low. A “normal” housing market, typically has a 6-month supply of unsold inventory to balance out.

With so few homes available, we are truly in a sellers’ market. If you are a homeowner and you are ready to make a move right now, you have the opportunity to negotiate the best possible contract with buyers because the market is so competitive. On average, homes are going under agreement in less than a month and home prices are rising. In some cases, buyers are waiving contingencies, such as, inspections, appraisals and paying cash to give them more of a competitive advantage.

Are you ready to make a move and sell in 2021? Read Post »

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