“ZipRealty’s latest report provides our first real glimpse into the health of real estate market since mortgage interest rates began to rise in mid-June,” says CEO and President Lanny Baker. “During the third week of June, mortgage rates posted their largest one-week increase in more than a quarter-century and rates are now 1% higher than they were a month earlier. However, that hasn’t mattered much in terms of home sales prices and transaction activity,” he says.
Summertime has historically been the best time to sell a home. If your home is going to be on the market during the summer, you already have an advantage (as opposed to trying to sell in the cold winter season); however, don’t stop there. There are still some important steps you will have to take in order to help ensure a quick home sale. By properly staging your home you can increase your chances of winning the attention of a homebuyer.
Summertime is typically considered the busiest season for the real estate market. The days are longer, the weather is better, and buyers often take time off from work that allows them more opportunity to home search. If you are selling your home during the summer, heeding some simple tips for selling your home will likely increase your chance of closing a deal.
When you’re selling your home, one of the most essential steps in the process involves preparing for your open house. An open house not only gives potential homebuyers a chance to check out your home, but it also allows individuals and families to picture themselves living in the space.
No matter if you’re planning to sell or are just curious about how much your home is worth, the ZipRealty Seller Center has everything you need to figure it out. Check out the infographic to see what we have to offer!
Newly Listed Homes Increase 9% as Median Prices Keep Rising, According to ZipRealty’s Housing Trends Report
The median home sales price of $270,000 in May 2013 reflects a 16.2% jump from May 2012 prices. “For-sale inventory at the end of May 2013 was 28% lower than a year ago, but listed inventory increased slightly from April to May 2013, whereas inventory shrank by 12% in that same time period a year ago,” says ZipRealty CEO and President Lanny Baker. “On a year-over-year basis, pending sales are rising more rapidly than new listings as of May, but potential home buyers will undoubtedly welcome the 9% increase in new listings we saw in May 2013 compared to May 2012.”