Homes Are Selling For Top Dollar And In Record Time! This Is Making Now The Perfect Time To Sell!
When you are selling your home, you would really like it to sell for top dollar and quickly, right? Well, if that is the case, there has never been a better time to sell your home than right now!
According to recent data from the National Association of REALTORS®, the national median existing home price in September 2020 was selling for $311,800, up 14.8%. The median price in the Midwest was $243,100, also a 14.8% increase from September 2019.
And not only are homes selling at higher prices, they’re also selling quickly. Nationwide an astounding 71% of homes sold in September were on the market for LESS than a month. On average, these homes in September were on the market for ONLY 21 days. This is record breaking and down from the national average of 32 days back in September 2019.
According to Lawrence Yun, the chief economist for the National Association of REALTORS®, the low interest rates and high demand is the one of the key factors behind driving the current buying frenzy. “Home sales traditionally taper off toward the end of the year, but in September they surged beyond what we normally see during this season,” Yun said in a recent press release outlining NAR’s findings. “I would attribute this jump to record-low interest rates and an abundance of buyers in the marketplace.”
Are you excited about possibly selling your home when homes are selling higher and quicker than just one year ago? All these numbers are telling are you that if you have been thinking about selling your home, don’t wait any longer and now is the time to do it! Go ahead and make the move. Just don’t forget to call us here at NextHome TriState Realty for all your buying and selling needs! 712-224-NEXT