Friday, September 10, 2021 / by Barbara Oleska
Reasons You Should Consider Selling This Fall
If you're trying to decide when to sell your house, there may not be a better time to list than right now. The ultimate sellers' market we're in today won't last forever. If you’re thinking of making a move, here are four reasons to put your house up for sale sooner rather than later.
1. Your House Will Likely Sell Quickly
According to the Realtors Confidence Index released by the National Association of Realtors (NAR), homes continue to sell quickly – on average, they're selling in just 17 days. As a seller, that's great news for you.
Average days on market is a strong indicator of buyer demand. And if homes are selling quickly, buyers have to be more decisive and act fast to submit their offer before other buyers swoop in.
2. Buyers Are Willing To Compete for Your House
In addition to selling quickly, homes are receiving multiple offers. That same survey shows ...
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Friday, September 3, 2021 / by Barbara Oleska
Everyone asks me, "how's the market?" Real estate is fascinating and we have never experienced a more unusual market! In this email I will share national information and local market information where applicable. Please call me if you have any questions or love graphs and I'll send them!
There are many headlines out there that claim we’re reverting to a more normal real estate market. That would indicate the housing market is returning to the pre-pandemic numbers we saw from 2015-2019. But that’s not happening. The market is still extremely vibrant as demand is still strong even while housing supply is slowly returning.
Here’s the definition of normal from the Merriam-Webster Dictionary:
“conforming to a type, standard, or regular pattern: characterized by that which is considered usual, typical, or routine.”
Using this definition, here are five housing industry metrics that prove we’re nowhere near normal.
1. Mortgag ...
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Wednesday, September 1, 2021 / by Barbara Oleska
If you’re trying to decide whether or not to sell your house, this is the time to think seriously about making a move. Fannie Mae’s recent Home Purchase Sentiment Index (HPSI) reveals the number of respondents who say it’s a good time to sell is higher now than it was over the past few summers (see graph below). Today, the majority of consumers, 75 percent, say it’s a good time to sell a house.
Why is sellers sentiment up year-over-year?
The higher good time to sell sentiment has to do with today’s market conditions, specifically low housing supply and high buyer demand. In the simplest terms, we don’t have enough houses available for sale to meet buyer demand.
According to the latest data from the National Association of Realtors (NAR), we’re still firmly in a sellers’ market because housing supply is well below a balanced norm (shown in ...
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Friday, May 7, 2021 / by Barbara Oleska
The housing market keeps sailing along. The only headwind that could take it off course is the lack of inventory for sale. The National Association of Realtors (NAR) reports that there were 410,000 fewer single-family homes for sale this March than in March of 2020. The key to continued success in the residential housing market is for more listings to come on the market. However, many homeowners are concerned that selling their homes could be challenging for several reasons.
Recently, Homes.com released the findings of a survey that identified these concerns, as well as what it will take for homeowners to feel comfortable selling their houses. Here are the four major homeowner concerns and a quick explanation of what’s actually happening in the housing market today.
1. Homeowners don’t know if they’ll be able to secure their next home before selling.
In negotiations, leverage is the power t ...
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Tuesday, April 6, 2021 / by Barbara Oleska
So many of my Flamingo buyers are loving amenities and flocking to the Bridges communities! I'm watching the numbers everyday and can we say roasty, toasty market over on the west side? As of this moment there are a total of 12 resale homes available and 34 pending sales. What does that mean? Based on pending sales we have about 2 weeks of inventory. It's supply and demand.
Seven Bridges
For Sale 3
Pending 16
The Bridges
For Sale 9
Pending 14
Boca Bridges Resale (New Homes still Available - Call me!)
For Sale 0
Pending 4
Prices seem so high and my buyers ask me how much should homes cost in the Bridges communities. I can't give a blanket answer because it depends on so many factors which include size, age, style, view, etc. Another important question is in which collection is the home located? All of the Bridges communities have four collections priced from entree through premium. How close the home is to 441, Lyons, or the Turnpike matters, too.
How a home i! ...
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