Hail storms are tearing up the world and real estate is tearing it up too. According to Redfin, the median home price grew a whopping 7.6% a year from last April. Redfin also reported that April was the quickest time to sell a home that they have ever recorded since they started documenting back in 2010.
Multiple offers and high demand are the new normal. And it’s only getting faster from here.
As summer warms up and the buyers get fearful of getting locked out of the market, everyone is making moves. And multiple offers. If you’re a buyer, get that pen ready. You’ll sign a lot of contacts. Sad, but true.
The good news is that sellers are starting to move too. The luxury market is in a bit of a buyers market, so all the move-up sellers are getting nudged to finally move into their dream home, possibly freeing up homes for all those frenzied entry buyers.
Inventory is still tight, but hope is on the horizon. Let’s get some boxes and a truck. If you’re thinking about selling, let’s find your dream home. Someone is desperate to pay you top dollar.
At your service,