If you are thinking of listing your home for sale in Incline Village, NV, this is truly the perfect time of year. The major housing crisis is finally in the background and Incline Village real estate sales are up, along with their value. Not to mention, distressed sales are the lowest they have been in over 8 years. This is all great news for those looking to buy real estate Incline Village, NV, right? It would be, except the major issue of low housing inventory. The National Association of Realtors has stated buyer demands are the highest they have been in years. Because the supply of homes has been so low and sellers haven’t been able to keep up with the demand, the prices have increased making it hard for buyers to get into a home for sale in Incline Village, NV. This, combined with the below points, make it the perfect time of year to list your home.
Fall and winter usually sees a slowdown in the market. Buyers and sellers that were unsuccessful with their real estate goals take this time to recoup, enjoys the holidays and prepares to get back in the Incline Village, NV real estate game after the first of the year. While this makes sense, there are a lot of serious buyers who are still looking to purchase.
You have less competition during this season. While housing inventory was tight and there was a lot of competition among buyers, some homes still didn’t move. This gives you the edge that you may not have had just a few months ago.
Interest rates are on the rise, as predicted at the first of the year. While they are still historically low, buyers are trying to get into a home for sale in Incline Village, NV before rates get even higher.
This is the best time of year to snag a deal on household needs. Appliances, carpet, paint, major electronics and more are on serious sale thanks to the holidays and it being the “off real estate season”.
Inventory is unlikely to get better for another couple years until new construction can catch up with the growing demand of housing needs. With labor markets and job growth getting healthier and stronger, there are more buyers out there who want to buy and simply cannot get into a home.
If you have been thinking of listing your home for sale in Incline Village, NV, give me a call to discuss your options.