The summer season is coming soon, and the real estate market is already heating up quickly. If you are looking to buy or sell a home, there are things you need to know about this competitive market. Here is what you can expect from the real estate market this summer.
Buying Real Estate
The recent pandemic slowed down homebuyer activity last year. Now that vaccines are becoming available, there has been rapid growth in home prices with a low inventory of houses in the real estate market. This can create fierce competition in suburban and medium-sized metro areas. Interest rates are expected to be relatively low.
Selling Real Estate
The summer this year is a seller’s real estate market. If you are considering relocation, this season is an ideal time to do it. During the summer, you may be able to get more for your home than you could in any other season. It is important that you do your research as you may be competing with other sellers. You may want to speak with a real estate agent to determine how housing activity and pricing are faring where you live.
New Real Estate Construction and Development
With a high demand for home buying, new construction and development in the real estate market may see a significant rise. According to the Census Bureau, there were 1,68 million authorized building permits for privately-owned housing units. Summer’s arrival creates ideal real estate construction conditions. The number of homebuyers will still outweigh the number of available homes.
Voila Real Estate Services
Summer is the best time to participate in the real estate market, whether you are buying or selling a home. Our Voila real estate savvy fanatics open the doors in the real estate landscape, challenging the old and standardizing the new. When you work with us, you call the shots. Flat listing fees and new wave technology contribute to our friction-free experience, helping you streamline the process and get the best deal possible. Whether you are looking to put your home on the market this summer or need Green Photos to showcase your home for a fall/winter listing, call us today to see how we can help.