Ring in the New Year with a successful Home sale!

At Lee Stoerzinger Wealth Management, we have developed a strong group of relationships regarding complementary resources within our business. The following article is from a good friend and colleague, Anne Anderson, who offers exceptional real estate services in our local area. Please reach out to us if you have questions or if you would like to connect with Anne.

You might be considering selling your home this new year and wondering, “How long will this take?” That’s a reasonable question—you want to know what to expect.

While every market is unique, understanding national trends can provide a solid baseline. For a more specific perspective on real estate conditions in your area, connect with an experienced local Realtor. They have expert knowledge of your market, can explain what’s happening nearby, and show you how local trends compare to the national landscape.

According to Realtor.com, the number of homes for sale has been increasing. This is positive news for buyers, as more options are available. For sellers, however, it means that homes are staying on the market a bit longer, now that buyers have a wider selection. (Refer to the graph below.)

One reason homes sold so quickly in recent years was very low inventory and very very low “unicorn” interest rates. With more properties now available and rates a bit higher, it’s natural that homes aren’t selling quite as swiftly. Currently, Realtor.com data indicates it takes about 55 days from the time a home is listed to the closing date. Remember, this is a national average.

However, remember this: While homes may not be selling as fast as they were this time last year, they’re still moving faster than in pre-pandemic years. They are also still appreciating, albeit at a slower rate.

If you review data from 2017-2019 in the graph above, you’ll notice it was common for a home to take 60 days or more to sell. So, today’s pace is still faster than the historical norm. This is largely because, even with increased inventory, demand remains high. Homes that are well-presented and appropriately priced are still selling quickly.

If you want to expedite your sales and maximize your returns, partnering with a skilled local agent is key. They will guide you through every aspect of the sale, from advising you on home preparation and staging, to developing a pricing strategy tailored to the current market. They will also create a comprehensive marketing plan that casts a wide net to attract potential buyers and provide valuable insights specific to your area so you can make informed decisions. Their goal should be to make the process as smooth and as pleasant as possible.

Cheers to a successful sale if that is in your 2025 game plan!

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This content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. (C) Twenty Over Ten