Selling a home in Boca Raton

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With the housing market on a constant roller coaster over the last two years, one of the questions I hear frequently is: Are we in a buyer’s or seller’s market?

Are you wondering whether it’s a good time to sell your home? Understanding the current market conditions can help you make the best decision. Let’s dive into what defines a seller’s market and why now might be the perfect time to list your home.

According to the National Association of Realtors, the housing market is currently in a seller’s market due to the low supply of homes available. But what does that actually mean, and why are conditions so favorable for listing your home today

The key factor here is the absorption rate. With the current low inventory, we have about a two to three-month supply of homes at the current sales pace. Historically, a six-month supply is considered a normal or neutral market, where there are enough homes available for active buyers. In a buyer’s market, there would be an excess of inventory, meaning more homes on the market than there are buyers.

While we can’t predict exactly how the year will play out, if you’re thinking of either buying or selling, now is the time to strategize. Reach out to Alex Mendel and the team at Keller Williams Realty Boca Raton. We’re here to help you navigate these favorable conditions and make the best decisions for your real estate needs.

Thank you for reading our explanation of the current seller’s versus buyer’s market and why now is an excellent time to list your home. If you’re ready to take advantage of these market conditions, contact me, Alex Mendel, with Keller Williams Realty Boca Raton. I’m here to provide expert advice and ensure your home selling experience is successful.

Reach out to me at 561-827-8449, email me at alex@mendelgroupfl.com, or visit palmbeachpropertylistings.com. Don’t wait—your ideal home sale is just a phone call away.

Don’t forget to check out our video guide on YouTube for more insights and tips on living in Boca Raton!

Remember, we are the key to your next home!