Is It Easier To Find a Home To Buy Now?
One of the biggest hurdles buyers have faced over the past few years has been a lack of homes available for sale. But that’s starting to change. The graph below uses the latest data from Realtor.com to show there are more homes on the market in 2024 than there have been in any of the past several years (2021-2023): Does That Mean Finding a Home Is Easier? The answer is yes, and no. As an article from Realtor.com says: “There were nearly 15% more homes for sale in February than a year earlier . . . That alone could jolt the housing market a bit if more “For Sale” signs continue to appear. However, the nation is still suffering from a housing shortage even with all of that new inventory.” Context is important. On the one hand, inventory is up over the past few years. That means you’ll likely have more options to choose from as you search for your next home. But, at the same time, the graph above also shows there are still significantly fewer homes for sale than there would usually be in a more normal, pre-pandemic market. And that deficit isn’t going to be reversed overnight. What Does This Mean for You? You might find a few more choices now than in recent years, but you shouldn’t expect a ton of options. To help you explore the growing list of choices you have now, team up with a local real estate agent you trust. They can really help you understand the inventory situation where you want to buy. That’s because real estate is local. An experienced agent can share some smart tips they’ve used to help other buyers in your area deal with ongoing low housing supply. Bottom Line If you’re thinking about buying a home, let’s team up. That way, you’ll be up to date on everything that could affect your move, including how many homes are for sale right now.
The Best Week To List Your House Is Almost Here
Are you thinking about making a move? If so, now may be the perfect time to start the process. That’s because experts say the best week to list your house is just around the corner. A recent Realtor.com study looked at housing market trends over the past several years (with the exception of 2020, since it was an unusual year), and found the best week to put your house on the market this year is April 14-20: “Every year, one week stands out from the rest as that perfect stretch of time when it’s great to be a home seller. This year, the week of April 14–20 is the best time to sell—that is, if sellers want to see lots of interest in their homes, sell quickly, and pocket some extra cash, according to Realtor.com® data.” Here’s why this matters for you. While the spring market is a great time to sell no matter the week, this may be the peak sweet spot. And if you’ve been putting your plans on the back burner and waiting for the right time to act, this could be the nudge you need to make your move happen. As Hannah Jones, Senior Economic Research Analyst at Realtor.com explains: “The third week of April brings the best combination of housing market factors for sellers. The best week offers higher buyer demand, lower competition [from other sellers], and fewer price reductions than the typical week of the year.” But, if you want to get in on the action, you’ll need to move quickly and lean on the pros. Your local real estate agent is the perfect go-to when it comes to figuring out a plan to prep your house and get it on the market. They’ll be able to offer advice to balance your target listing date with what you need to do from a repair and renovation standpoint. And they can walk you through exactly how to prioritize your list so you know what to tackle first. For example, if your house is already in good shape, you’ll be able to really focus in on the smaller things that are easy to do and make a big impact. As an article from Investopedia says: “You won’t have time for any major renovations, so focus on quick repairs to address things that could deter potential buyers.” Here are some specific examples from that article: Just remember, even if you’re not ready to list within the next couple of weeks, that’s okay. The window of opportunity doesn’t close when this week ends. Spring is the peak homebuying season and it’s still a seller’s market, so you’ll be in the driver’s seat all season long. Bottom Line Ready to get the ball rolling? Let’s connect and schedule a time to go over your next steps.
Luxury and Elegance Await at 4945 Noble DR NW, Rochester, MN 55901
Welcome to your dream home! Nestled in the The Ponds Of Highland Hills in Rochester, MN, this stunning new construction custom rambler at 4945 Noble DR NW is a masterpiece of craftsmanship and elegance. With a listing price of $779,101, this home offers luxurious features and a truly exceptional living experience. As you step inside, you'll immediately be captivated by the seamless blend of luxury and comfort. The hardwood floors throughout the open-concept living space exude warmth and sophistication. The focal point of the living room is the grand fireplace, perfect for cozying up on chilly evenings or creating a welcoming ambiance for gatherings with loved ones. Prepare to be inspired in the gourmet kitchen, which boasts custom cabinets, a large center island, and high-end appliances. The stylish design and practical layout make this space a haven for culinary creativity. Whether you're cooking for a crowd or enjoying a quiet meal at home, this kitchen will exceed your expectations. One of the highlights of this home is the covered patio off the kitchen, providing the ideal setting for al fresco dining or simply relaxing with a glass of wine. Imagine spending summer evenings enjoying the fresh air and tranquility of your outdoor oasis. The indulgence continues in the eprimary bathroom, where you can pamper yourself and unwind after a long day. Complete with heated floors and a luxurious walk-in shower, this bathroom offers a sanctuary-like experience that will leave you feeling rejuvenated and refreshed. Beyond its impeccable design and luxurious features, this home is situated in a sought-after location in Rochester, MN. With easy access to amenities, shopping, dining, and entertainment options, you'll have everything you need right at your fingertips. Don't miss the opportunity to make this dream home yours. With its unparalleled craftsmanship, elegant design, and exceptional living experience, 4945 Noble DR NW is a true gem in the real estate market. Schedule a showing today to witness the beauty and allure of this exquisite property.
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