Thinking about selling your home? You'll want to take advantage of an incredible housing market leaning in favor of home sellers in 2022. Learn more about selling your house and say yes to the following:
- High Home Buyer Demand
- Over-Asking-Price Offers
- All-Cash Offers
- Bidding War
Now is an excellent time to sell your house in 2022 because home buyer demand is high. According to the most recent Buyer Traffic Index from the National Association of RealtorsⓇ (NAR), buyer traffic is strong in nearly every state in the U.S. Homebuyer traffic is strongest in the dark orange states on the buyer's map below.
When you look at the home seller index, the gray and blue states reflect weak and very weak seller traffic. With high buyer demand for houses in the same states, home sellers have a distinct advantage. Homebuyers are waiting to buy a house like yours!
Source: NAR, Feb. 2022
Buyer demand for houses outweighs the number of homes available for purchase, making it a seller's market.
NAR also reported that most homes for sale receive an average of 4.8 offers, and homes are only on the market for 18 days (median). In addition, NAR reported that 25% of home offers were all-cash offers. Knowing this information when selling your home prepares you for a possible bidding war and a final sales price above the listing price. Homeowners looking to sell their homes are sitting in a great position to sell quickly and make a heft profit.
- 4.8 Offers
- 18 Days on Market
- 25% All-Cash Offers
Talk to your real estate agent if you have concerns about selling your house and finding another home to buy. Over the past couple of years, real estate professionals have mastered the seller's market and found ways to help both home sellers and buyers succeed. As a home seller, you're faced with an incredible opportunity in today's housing market. Will you take advantage of the profits you could gain from selling your home in 2022?
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For more information, download our guide to selling your home: