Is it true that my house is still on the market?

Your family, friends and, yes, neighbors are a little concerned: Your house has been on the market for quite some time and they’re beginning to wonder. Will it ever sell? You’re beginning to wonder, too.

Is the housing market still seeing a decline?

Markets that are still seeing a decline in newly listed homes compared to last year include southern metros such as Oklahoma City (-30.1%), and Nashville (-30.0%). Homes for sale in April continued to sell more quickly than last year, as buyer demand remains strong and the housing market laps slow conditions last April.

Is the real estate market 24 / 7 now?

But deal with it. The real estate market is 24/7 now. In your listing, you can have your agent outline rules for showings, including limited hours or “by appointment only,” as long as you’re willing to accept that you might be missing out on a potential sale.

Why does it take so many showings to sell a house?

If your home is in a really popular area, it may actually take more showings to sell. Home buyers are really attracted by particular areas and may want to tour every home that comes up for sale, even if it isn’t a great match for them – because they want to live in the area so badly.

How is the housing market doing in May?

Prices rose at their fastest pace in decades in May, but investors were largely unfazed. More people are quitting their jobs than ever before — a good sign for the labor market going forward. And consumer housing confidence continues to fall.

Why is my house not getting any showings?

Again, the lack of interest has nothing to do with your home. It has to do with the price of the home compared to similar properties within your market. Did you and your agent consult local market stats to see what comparable properties in the area are listed for?

What’s the forecast for the housing market in 2021?

Remember, real estate experts predict that home prices will increase by 8% in 2021—and from there, they’re projected to grow at a slightly slower rate of 5.5% in 2022. 8 With new buyers continuing to enter the market and not enough homes for sale to meet demand, home sales and prices are still going up.

What are the current real estate market trends?

Next up: home price trends. In November 2020, existing home prices grew by a whopping 15% compared to last year—rising to a national median of well over $300,000! This marks more than 100 straight months of year-over-year price gains. Sellers, this should put a big smile on your face! And hang tight, buyers—we have some advice for you too.