Is it a Seller’s Market? Homeowners are now benefitting from the perfect storm of selling from having equity in their homes to low inventory to super low interest rates for buyers. Which brings us back to the question, is it a Seller’s Market? The answer is, you betcha!
The National Association of Realtors Pending Home Sales Report announced that Pending home sales have improved, with the national index climbing 2 percent since December while increasing 8 percent above the level seen in January 2011. Wow, this is exciting news!
Locally in San Diego, if a home is priced right and shows well, sellers are seeing multiple offers and in some instances bidding wars are resulting in sold prices above the asking price.
No one knows if the real estate market has turned around for good but for now sellers are definitely benefitting from this surge in the housing market.
Check out this video to learn more about the current market.