This is Craig See again. I’m telling you that because I want you to remember my name along with my business Pioneer Ridge Realty.
Now that the dust has settled from all the numbers I threw at you last time I wrote, I would like to get down to why I believe now is a great time to sell your property and why.
Number one, interest rates for those looking to buy are at or near all-time lows, which makes the right price for financing. That doesn’t mean that a year from now or six months from now that interest rates will be better or worse, but only that nobody knows when they will change or stay the same.
Let’s take a look at the housing market in Hampshire County right now. Currently, there are 164 active houses or cabins for sale here. Of those 164 properties, 118 are somewhat new inventory, having been listed within the last six months.
A closer look at this inventory of 164 properties shows anything from a remote cabin on one-half acre up to a log mansion on 186 acres listed at just under $4 million. We’ll call this log structure top-of-the-line.
Of the 164 listings, 46 have been on the market for over six months and 15 have been for sale over a year. The average marketing time for residential properties sold within the last year is 120 days. Properties sold within the last six months were on the market an average of 132 days, a slight uptick of 12 days but certainly not an alarming statistic considering the low inventory.
So, with all those numbers thrown at you, you probably are spinning around in your easy chair. But they are important to know what you are competing with when you decide to sell.
In my opinion, however, the one statistic that shouts the loudest is that financing is at a level where many people decide to buy.
Good news for a seller who is ready to sell.