Five Reasons Why NOW is the Right Time to Sell

Dated: October 30 2020

Views: 596

As the end of 2020 nears, it is uplifting to know that despite all our struggles this year, there is great news for homeowners: our real estate market is amazing. That’s why we want to show you five reasons why NOW is the right time to sell. 

  1. Demand from homebuyers has increased.
  2. Number of homes for sale is down.
  3. Homes are selling faster.
  4. Waiting to sell could hinder your success. 
  5. Median home price is up, and is expected to continue.

First, demand from homebuyers has risen this year. Homebuyers are currently competing in bidding wars, driving home prices up. As a seller, this may mean more money for your home. 

Second, the number of homes for sale is down. Active listings in Tarrant County dropped 37.5 percent in September 2020! Due to the shortage of homes for sale, buyers are willing to pay more. 

Third, homes are selling faster. Homes spent an average of 33 days on the market, three days less than in September 2019.

Fourth, this ideal time to sell that we are in won’t last forever. More sellers typically come to the market in the spring, meaning buyers will have more choices, so your home may not stand out from the crowd or sell for as much money.

Fifth, the median home price is up. In fact, the median price for Tarrant County homes increased 10.4 percent in September 2020 from last year and home sales increased 20 percent. That demand is expected to continue, meaning your home value (or new home value) is also expected to continue to rise.

Recommendation...

The economic slowdown from the pandemic in 2020 didn’t negatively impact housing. In fact, it increased home prices in North Texas. Experts agree we will likely see home values rise even higher given the continued lack of inventory. With this low supply and high demand, homes should continue selling fast and for top value. However, waiting to sell may hinder your success. 

Contact us to discuss why NOW may be the right time to make a move. Interested in your home’s value? Click here for a Free Home Market Analysis!

Blog author image

Deanna Roskop

Deanna has degrees in Communication and Journalism and over 25 years of experience in customer service, advertising, marketing, communication, instruction, training, and public speaking. With this ba....

Latest Blog Posts

Top 4 best things in real estate for the fall of 2021

October brings all treats and no tricks when it comes to real estate! Besides great treats in the real estate market, October is also an excellent time to share our thankfulness for and with our

Read More

Why 2021 is still the year to sell and buy a house, AND to have fun with us...

Let’s start with the first, fun spotlight...Save the date to bring lawn chairs and blankets to our Movie in the Park...Besides having fun, we also enjoy being in the spotlight to help make

Read More

Shana Martin wins 2021's Best Realtor in Keller and Fort Worth

Shana Martin, broker/owner of Martin Realty Group, won the 2021 Best Realtor in Keller and Fort Worth from "Living Magazine's: Best of" Readers' Choice awards.Click to check out the "Best of 2021

Read More

Reasons and tips to buy and sell before summer ends...

You may be wondering if you should buy or sell before the summer ends and school begins. Read our top reasons and tips on why and how to buy and sell now...Reasons to Sell nowYour house will likely

Read More