While sellers can still take advantage of low inventory, they should also know that inflation, rising interest rates and perceptions about overvalued homes may be taking some air out of the sellers’ market.
: Do you bet that your local market remains enough in demand and lures over-asking-price offers, or do you hold tight and wait for the next big wave up?Elected leaders often quip that all politics is local. That’s true for real estate, too. It appears that both buyers and sellers are waiting to see when and if the market settles before making any moves. The number of listed homes also fell by 5.3 per cent, suggesting that homeowners aren’t quite as quick to put their homes up for sale.
All-cash: If you live in a low-inventory market, and buyers outnumber properties, sellers can expect to cash in — sometimes literally. The all-cash-offer market is hot right now, which is great news for sellers because cash offers typically speed up the path toward closing.