Thursday, August 29, 2024 / by Vic Markarian
If you’ve been keeping an eye on the housing market over the past couple of years, you know sellers have had the upper hand. But is that going to shift now that inventory is growing? Here’s a breakdown of what you need to know.
What Is a Balanced Market?
A balanced market is generally defined as a market with about a five-to-seven-month supply of homes available for sale. In this type of market, neither buyers nor sellers have a clear advantage. Prices tend to stabilize, and there’s a healthier number of homes to choose from. And after many years when sellers had all the leverage, a more balanced market would be a welcome sight for people looking to move. The question is – is that really where the market is headed?
After starting the year with a three-month supply of homes nationally, inventory has increased to four months. That may not sound like a lot, but it means the market is getting closer to balanced – even though k ...
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Thursday, July 18, 2024 / by Vic Markarian
There’s no arguing this past year has been difficult for homebuyers. And if you’re someone who has started the process of searching for a home, maybe you put your search on hold because the challenges in today’s market felt like too much to tackle. You’re not alone in that. A Bright MLS study found some of the top reasons buyers paused their search in late 2023 and early 2024 were:
They couldn’t find anything in their price range
They didn’t have any successful offers or had difficulty competing
They couldn’t find the right home
If any of these sound like why you stopped looking, here’s what you need to know. The housing market is in a transition in the second half of 2024. Here are four reasons why this may be your chance to jump back in.
1. The Supply of Homes for Sale Is Growing
One of the most significant shifts in the market this year is how the months’ supply of homes for sale&nbk ...
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Wednesday, June 5, 2024 / by Vic Markarian
Vic Markarian, a leading real estate listing agent in Granada Hills, CA, reports a significant increase in the number of homes being listed for sale in 2024 compared to last year. This surge in listings offers more options for buyers but also creates more competition for sellers. “With more homes on the market, it’s crucial to ensure your property stands out,” says Markarian. “We can help you navigate the latest listings and make your home shine.
As more homeowners decide to sell, the importance of strategic marketing and presentation becomes paramount. “It’s not just about listing your home; it’s about showcasing it in the best possible light,” explains Markarian. Top Realtor agents in Granada Hills, CA like Markarian emphasize the need for a comprehensive approach to home selling, including professional photography, staging, and targeted advertising. “Sellers need to find the Realtor that can create the highest d ...
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