When you sell your home, you want it to sell as quickly as possible, and for the highest price point possible.
And, according to recently released data, it’s clear that the current market is fulfilling those two conditions—making it an ideal time for sellers.
According to data in the REALTORS® Confidence Index Survey August 2020 from the National Association of REALTORS®, it’s clear that buyer competition in the market is fierce. According to the report, in August, homes in the US were on the market for a median of 22 days. And before closing, homes received an average of 3.2 offers—and when sellers have multiple offers to choose from, it generally results in a higher selling price.
The Takeaway:
So, what does that mean for you? In today’s market, homes are selling quickly and generating multiple offers, which can drive up the final selling price—so if you’ve been thinking about selling your home, now is a great time to make a move.