Contemplating putting your home on the market in 2024? Here's a preview of what to expect:
Dipping Rates. Cooling off in mid December, prepare for more favorable rates in 2024, increasing the pool of potential buyers.
Increase in home prices: As new buyers enter the market, and inventory remains low, expect prices to climb further, indicating that selling will be profitable.
Fierce competition: Low inventory means eager buyers. If you want top dollar, professional photography, staging, and curb appeal are non-negotiables.
Optimistically cautious: many predict a strong year for the economy and the stock market, but some are more enthusiastic than others. Don’t expect a recession, but don’t expect things to go completely smoothly, says Kristina Hooper, chief global market strategist at Invesco.
Despite the challenges, selling in 2024 has the potential to yield a substantial profit. To expedite the process, work with a knowledgeable agent, price your home competitively, and consider offering concessions.
If you're navigating the complex world of home selling and need expert guidance, don't hesitate to reach out. I’d love to send you my free Selling Timeline Guide that gives you a step-by-step roadmap of prepping your home for the market.
Source: Should I Sell My House Now or Wait Until 2024?