It's that easy time of the year... for sellers!
Micki Moravitz
Licensed Realtor at C21NM Representing real estate Sellers, Buyers, and Investors in NoVa. Providing More Service...so my clients receive Better Results!
We call our real estate market “fluid” because it is ever-changing and ebbs and flows with the tide. 2023 started out with some bumps and curves. In February the tides changed again, and in March we were back to the past – high competition, escalations - some well above list, many offers with no contingencies, and easy sailing for sellers!
The stats tell the story as we saw it: The same number of sales in February and March, but at a faster pace and with more competition. Hence the resulting median Sale Price to List Price ratio is up to 104%. Additionally, there are far more contracts pending, a result of more inventory coming on the market and being quickly absorbed by the high demand we still have. We can expect this high tide for a few months, and if interest rates go down perhaps longer.
We still need more inventory! If you or someone you know is considering selling, now is a great time, and I welcome the opportunity to assist you! There are several strategies available depending on your needs and circumstances. I’m here to maximize your results while making it as easy as possible for you! Call, text, or email me today!