I’m reading article after article about there being low inventory across the country and our local housing market is no different. Last weekend we sold a listing in a day and have had buyers and other agents calling about it all week. We also sold a house to a buyer that had 5 competing offers to the point where we had to do an escalation clause.
For sellers, this is a terrific time to try to sell. For buyers, it’s proving to be a bit more challenging. The advantage however to choosing to charter the waters right now as buyer is that money is still fairly cheap as far as interest rates go.
If you want to know how far your dollar can go, get with a lender to get pre-approved and see what price range to stay under in order to keep your monthly payments where you’re comfortable.
If you want to know what your home could sell for in today’s market reach out and we’ll be happy to provide you with a free consultation and market analysis.
Some quick current market stats:
There are currently 2,292 homes for sale in Roanoke and surrounding areas
There are 836 pending sales right now
3,530 homes have closed so far this year
The average sales price across the area right now is $217,031
The average days on market for a home to sell right now is 145
And the average list to sales price ratio is 97%
Reach out if our team can be of help to you or answer any questions you may have.