Home sellers may face a closing window on today’s still-warm — but cooling — real estate market.
While sellers can still take advantage of low inventory, they should also know that inflation, rising interest rates and perceptions about overvalued homes may be taking some air out of the sellers’ market.
There are also signs that homes are slowly but steadily staying on the market longer, creating a hard choice for would-be sellers: Do you bet that your local market remains enough in demand and lures over-asking-price offers, or do you hold tight and wait for the next big wave up?
Warning signs for sellers
Elected leaders often quip that all politics is local. That’s true for real estate, too.
In-demand cities and neighborhoods will always defy broad national trends. Things like quality schools, livability, and access to cultural amenities will always help home sellers get top dollar.
But recent numbers are hard to ignore.
