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.”
As real estate markets throughout the United States show signs of rebounding, many home owners are once again considering selling their homes. Home values across the nation plummeted in recent years because of the overall recession. As a result most real estate markets became a “buyer’s market.”
ZipRealty’s new Housing Trends Report is showing a 16.4% year-over-year increase in median home prices in 24 metros, according to MLS data. The median home price in these metro areas rose to $262,409 as of April 30, 2013.
“We’re seeing sales close quickly – in 32 days on average – at nearly full listing price or 98.9% of their asking price,” says ZipRealty CEO and President Lanny Baker. “In fact, homes are selling at 100% or more of their list price in nine cities we analyzed, and in two weeks or less in six cities we analyzed,” he notes.