Anna Child Group
The number of existing homes on sale rose 3.3% from April to 2.22 million in May. If you are on the fence about selling your home, you need to decide quick! More homes on the market and increasing interest rates will cause you to miss the boat. You will get more for your home while available homes are low and interest rates are low, when there’s more buyers able to buy, and bidding wars ensue. This is what has been going on the past few months. More homes on the market and higher interest rates will cut the bidding wars down, and the market will stabilize. If you wait, you will miss out on your home selling for a higher price. All signs point to a more stable market, which is great for everyone, but the seller.