Here’s the latest news from our Shelby County real estate market.
Our real estate market is currently in a unique position. Around Shelby County, we’re seeing more and more open houses, and homes are beginning to sell again. Of course, there is a new level of care and concern for everyone’s health and safety. We’re doing many virtual tours, which are helpful to both buyers and sellers.
If you’re considering selling, this may be the golden moment to do so.
Recently, we’ve seen a ton of buyer activity and viewings because of pent-up demand and record-low interest rates. Inventory was already low before the pandemic, but the numbers just came in from June, and active listings have decreased by almost 20%. There’s a massive disconnect between a high level of demand and extremely low inventory, and that is pushing home prices upward toward record levels.
If you’re considering selling, this may be the golden moment to do so. You’ll likely sell your house quickly and at top dollar before other sellers come onto the market. With all that demand, buyers will be interested in your property.
If you have any questions about selling your home or real estate in general, please reach out via phone or email. We would love to help you.