This is a sponsored post by Eve Thompson of Reston Real Estate.
Just because there aren’t a lot of houses (104 active listings), currently on the market doesn’t mean there’s nothing going on in the housing market.
Lots of home owners are preparing their homes for the market and we will start to see a steady increase in listings over the next several weeks. If you’re on the fence about when to list your home for sale here are some things to consider:
- Buyer demand is high. In my Just Sold blog earlier this week I noted that 10% of the houses sold in the last 30 days sold higher than their list price and without requests for seller paid concessions.
- Low inventory means there is less competition. Fewer houses for sale will tend to favor the sellers. Not that you can throw anything out there and expect a contract, but well priced, well presented houses are going quickly.
- If you are a move up buyer now is the time to go — housing prices are predicted to increase 4.8% over the year. If you’re buying a more expensive house you’ll be making a larger down payment and paying higher interest for your mortgage.
Here are some of the new houses on the market this week: