If selling your home is something you’ve been considering lately, now is a great time to get the wheels in motion.
Though the economic climate might seem like somewhat of a minefield at the moment, figures show that now is actually a fantastic time to be listing your property on the market. Coming out of a pandemic and wanting to make a huge change to your lifestyle may seem like a cliché but when it comes to real estate it’s definitely time to move on or we should say, out. This desire for a fresh beginning, though it may seem emotionally charged, could indeed be a very smart one.
You’re not alone wanting a new start now that the ‘Stay Home to Stay Safe’ era is behind us. There’s a healthy and very competitive buyers market out there feeling the same way! Purchasers are chomping at the bit to buy your property and turn their dreams into a reality.
With such intense competition house prices are currently higher and more in demand, it’s logistically logical to list! It’s also worth noting that what goes up must inevitably go down, there’s a chance this desirable demand may decrease in the calm after the chaos.
Across the country we’re seeing continued supply shortages and high buyer demand. What is also worth noting is that with interest rates on the rise, it may be better to sell sooner rather than later — if rates spike much more, some prospective buyers may retreat from home shopping.
Now is the opportune time to put your Los Angeles homes up for sale. Zillow’s forecast predicts that LA Metro home values will rise by just 0.7% from July 2022 to July 2023. Los Angeles-Long Beach-Anaheim Metro home values have gone up 14.4% (current = $933,282) over the past year. So, given that the home-buying trend that started in 2020 is showing no signs of slowing down anytime soon, now is a perfect time to sell.