A Seller’s Market

A Seller’s Market

According to Redfin (www.redfin.com), It’s a seller’s market. The national median home-sale price hit a record high of $370,528 in April, up 22% from 2020. April was also a history-making month for housing by other measures, with the following metrics also hitting new records:

  • The number of homes for sale fell to a record low.
  • The typical home sold in just 19 days, a record low.
  • 49% of homes sold above their list price, a record high.
  • The average sale-to-list ratio, a measure of how close homes are selling to their asking prices, hit a record high of 101.6%.

A Seller’s Market

“To put the scarcity of housing into context, there is plenty of room for supply to increase and demand to taper off, and we would still find ourselves in a historically strong seller’s market,” said Redfin Chief Economist Daryl Fairweather. “While Americans brace themselves for a lot of changes as workplaces and schools reopen, the story of the housing market will largely remain the same. There simply aren’t enough homes for sale in America for everyone with the desire and the means to buy one right now. Until new construction takes off—over the course of years, not months—home prices will continue to increase. This housing boom is nowhere close to over.”

Indianapolis is home to the country’s fastest housing market. The typical home in the Indianapolis metro went under contract after just four days on the market in April, down from 10 days a year earlier. Homes in Denver, Omaha, NE, Portland, OR, and Seattle also sold exceptionally fast in April, with half of all homes pending sale in just five days in each of those metros.

Why Call Styl Properties, Inc. In a Seller’s Market

Debt – Too much debt is one of the main motivations for selling houses.  If you face a possible foreclosure or even bankruptcy, you may desire to resolve the situation so your credit rating doesn’t suffer more. We offer immediate cash for your home.

Death in the family – With families dispersed, it is hard to take care of the family home from another city, and travel is expensive. We can help. We can make a cash offer for the house, even while in probate.

Deferred Maintenance – You may want to sell, but your house needs some significant improvements that may cost you the money you don’t have.

Time – Yes, houses are selling fast, but how long until they close? For whatever reason, You don’t have the time to wait for closing. We can close in a week, if necessary.

FREE information on How to sell your house fast

Styl Properties, Inc. is here to help homeowners out of any distressed situation.  

As investors, we are in business to make a modest profit on any deal. However, we can help homeowners out of just about any situation, no matter what!  There are no fees, upfront costs, commissions, or anything else.  Instead, we offer the simple truth about your home and how we can help you sell it fast.

Give us a ring. We would love to help you understand the process and to answer all of your questions. You can reach us at 402 999.0577

Leave a Reply

Your email address will not be published. Required fields are marked *