As a North Shore Real Estate agent serving the cities of Winnetka, Glencoe, Highland Park, Deerfield and Northbrook for over twenty years, I can honestly say that I’m really encouraged about what’s happening in the current housing market. Last week, we looked at the market statistics for the North Shore and, as I post these each month; it’s great to see home prices on the rise and homes selling more quickly than they have the past few years.
The year ended well with an upswing of 10% on existing home sales and the National Association of Realtors expects the same in 2013. Another sign that the market is on the rise is that the total housing inventory is the lowest it’s been since 2005! NAR Chief Economist noted that "Home sales are recovering now based solely on fundamental demand and favorable affordability conditions."
So, what does this mean for you?
If you’re considering selling your home this coming year, now is a great time to do so! You’ll find the market working in your favor as home prices are continuing to rise, and the fact that fewer homes on the market increase the competition between buyers.
Looking for your home to really stand out to buyers? Putting your home on the market now or in February will mean you’ll get a head start on the spring market. Oftentimes, sellers will wait to sell their home in the spring when they feel more buyers are looking. However, I thought I’d give you a few compelling reason to put your North Shore home on the market as soon as possible. Take a look!
1. Inventory is still low and fewer new homes are coming on the market now than in the Spring. Your North Shore home will get more attention from buyers!
2. The buyers who are looking now are serious about purchasing a home. You’ll find this is true because why else would someone be looking for a home when it’s cold?
3. More buyers are financially ready. They’ve received their year end bonuses and anticipate tax refunds.
4. Studies show that in 2012, homes listed in January and February received, on average, 8% higher sales prices than homes listed in March and April.
So often, sellers are reluctant to put their home on the market because they feel the weight of the home selling process. However, with the right North Shore Real Estate agent, you’ll find the selling process can be a smooth and efficient experience.
I’ve been priveledged to help many clients throughout Chicago’s North Shore sell their homes, and I would love the opportunity to help you as well!
If you’re interested in learning more about the home selling process and what I will do to help get your home sold; please contact me today!
I look forward to hearing from you!
Janie Bress
Your North Shore Real Estate Expert
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