Wednesday, January 12, 2022 / by Kevin Schumacher
As we begin another year, one of your goals may include selling your home. If you’re thinking about doing that, now would be a great time.
The following are the three main reasons:
1. We did notice two trends in 2021: a low supply of homes for sale and supply chain issues. These trends are predicted to continue in 2022, which is good news for sellers because a low supply means higher prices.
2. After another strong year of appreciation, 2022 may see a slight slowdown. Homes will still increase in value, but the rate of appreciation is expected to slow based on predictions from the National Association of Realtors.
3. Today’s average interest rate are still low but rising. Today’s average interest rate on a 30-year fixed-rate mortgage is in the low 3% range. However, the Federal Reserve recently announced that it will wind down its bond purchases, which will cause rates to increase across the board. This may cause even more buyers to enter the market now to try and secure a home like yours before higher rates make it less affordable.
What does this mean for you?
If you're interested in selling your home, this is a perfect time. There’s still a lot of demand for homes in the Northern Colorado area.
If you decide to list your home this winter, you could benefit from the current high prices and low inventory. You could sell quickly and for top dollar!
If that piques your interest, you may learn more about the value of your property by using our home value calculator, which considers recent Northern Colorado sales:
And if you are ready to get the process rolling while this moment lasts, give me a call at (970) 396-7248. We're here to help!
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All data is based on information from IRES inc, METROLIST inc, DBA RECOLORADO® and Matrix v7.1. CoreLogic. Data reflected includes attached dwellings in each cities market. The Kevin Schumacher Team nor eXp Realty LLC does not provide any guarantee and is not responsible for accuracy. Data maintained by IRES inc. and METROLIST inc. may not reflect all real estate activity in the market. The statements and opinions contained in this advertisement are solely those of the individual author and do not necessarily reflect the positions or opinions of eXp Realty, LLC, or its subsidiaries or affiliates (the “Company”). The Company does not assume any responsibility for, nor does it warrant the accuracy, completeness or quality of the information provided.