More Than Half of Homes Are Selling for Above Asking Price!

Dated: June 9 2021

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10 Tips for Selecting a Florida Cash Home BuyerLow inventory and high demand are causing unprecedented competition for homes across the country. The competition is skyrocketing home values —and, often, well past the asking price.

According to data in a recent article from REALTOR® Magazine, 51 percent of homes are selling above asking price. That is an increase from 26 percent a year ago—and the highest percent of homes selling above asking price on record.

With homes selling at such a premium, many sellers are expecting their homes to sell above asking price. According to this data, nearly one in four sellers (24 percent) expect their home to sell for more than their asking price—and 29 percent plan to ask buyers to pay more than what they believe their home is worth.

The Takeaway:

So, what does this mean for you? If you’ve been thinking about selling your home, now is a great time to put it on the market—because whatever price you list your home at, there’s a good chance that you’ll ultimately sell it for more.

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Kristen Sarmiento

Marketing Coordinator....

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