Source: Yahoo! —
As of September, the number of newly listed homes had dropped 20% from the year before and homes are lingering on the market for 32 days — 13 more days than the year before, according to analysis from Redfin.
But if you need yet another sign the market is in decline, just ask the people who’ve made it their business: real estate agents.
In October, 37% of real estate agents struggled to pay rent on their offices — a 10% increase from the month before.
To be sure, it’s a competitive career — the National Association of Realtors saw its membership rise to an all-time high of 1.56 million in 2021 — up from 1.49 million the year before. But with the available inventory dropping off a cliff and interest rates on the rise, many agents are floundering.
So where does that leave anyone who wants to (or needs to) sell their home right now? Sure you have to be a bit savvier, but there are still a few ways to give yourself an edge.
Timing isn’t everything
When thinking of selling your home, think of the process like a business transaction. You have a product — your home — that you’re selling to a customer. It’s important to anticipate the customer’s wants, needs and desires and market your product accordingly.
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