April Flowers bring...Bidding Wars! The spring market is hot, hot, hot! Demand in our area continues to outpace supply and bidding wars are back in full force. We are seeing double-digit offers on homes priced well in good condition. And it is once again not uncommon to be waiving contingencies for financing, inspections, and appraisals. Regardless of price-point, it seems that the low inventory we are experiencing is causing well above-asking offers across the board. Many think that the market has slowed due to higher interest rates, but the news cycles are usually playing catch up to what we are experiencing in the market. The news also focuses on the entire country and not our hyper-local area. If you are considering selling, but wondering if the time is right, I highly recommend reaching out to us for a consultation. Timing is everything in real estate and it's important to understand your options.
Enjoy these last couple of weeks of May before the fun of Summer begins!