Have you been thinking about selling your house? If so, here’s some good news. While the housing market isn’t as frenzied as it was during the ‘unicorn’ years when houses were selling quicker than ever, they’re still selling faster than historically normal.
The graph below uses data from Realtor.com to tell the story of median days on the market for every January from 2017 all the way through the latest numbers available. For Realtor.com, days on the market means from the time a house is listed for sale until its closing date or the date it’s taken off the market. This metric can help give you an idea of just how quickly homes are selling compared to more normal years:
When you look at the most recent data (shown in green), it’s clear homes are selling faster than they usually would (shown in blue). In fact, the only years when houses sold even faster than they are right now were the abnormal ‘unicorn’ years (shown in pink). According to Realtor.com:
“Homes spent 69 days on the market, which is three days shorter than last year and more than two weeks shorter than before the COVID-19 pandemic.”
Homes are selling faster than the norm for this time of year – and your house may sell quickly too. That’s because more people are looking to buy now that mortgage rates have come down, but there still aren’t enough homes to go around. Mike Simonsen, Founder of Altos Research, says:
“. . . 2024 is starting stronger than last year. And demand is increasing each week.”
If you’re wondering if it’s a good time to sell your home, the most recent data suggests it is. The housing market appears to be stronger than it usually is at this time of year. To get the latest updates on what’s happening in our local market, let’s connect.
Ready to be in a new home for next holiday season? We can help! Give us a call or text at (717) 371-0557!
Your Friends in Real Estate,
Jason Burkholder Team
——————
Jason Burkholder
Kelly Burkholder
Jaci Hoosier
717-371-0557 direct or text
Hometown Property Sales Group, LLC
717-207-8093 office
57 E Main St
Lititz, PA 17543
You’ve seen how gray has become the norm for new construction and renovated homes in the last decade. We’ve seen it in the form of paint, furniture, and decorations. Rip out the carpet, replace it with hardwood flooring, paint the walls gray, cabinets white, add a gray couch, and you’re done. They call this look “millennial gray”.
Why do they call it “millennial gray” when plenty of Gen X’rs and Boomers bathed their homes in gray? We don’t know, probably because they blame millennials for everything, but we can’t solve that problem here. Back to the gray. Or is it grey?
However you spell it, it has been everywhere. The perk of gray is it’s neutral. There’s a lot of versatility. Now, it’s coming to an end as tastes change (thank you everyone, gray is so played out it’s just now grayed out – Jason). People are ready for something different. It’s time to bring back some color to the world, are you ready for color and unique interior design? We are (well, Jason is)!
Why should you use colors?
How can you implement color ?
Of course, no amount of new paint will fix everything, so if you’re looking for a new space altogether, you know we can help! Give us a call or text at (717) 371-0557, let’s talk about where you want to go next!
Your Friends in Real Estate,
Jason Burkholder Team
——————
Jason Burkholder
Kelly Burkholder
Jaci Hoosier
717-371-0557 direct or text
Hometown Property Sales Group, LLC
717-207-8093 office
57 E Main St
Lititz, PA 17543
Info & ideas pulled from this article written by Evelyn Long for NAR.
As coats are put away for good and flowers are in full bloom, the real estate market begins to shift. Spring market. Summer Market. We’ve all heard the terms. It’s often a busy time for buyers, sellers, and Realtors.
But does that mean you should wait until spring if you’re ready to sell now?
We’ve said it before and we’ll say it again: don’t let the market dictate your life. If you have a deadline, then it’s your time. List when it’s right for you.
There are, however, some interesting numbers out there, stating that the prime time to sell is May, April, and June (in that order). Sellers received over a 10% increase above market value during those months.
After an analysis of 51 million single-family home and condo sales from 2011 to 2022, ATTOM found the top 3 months for increased seller premiums:
All that to say, the market is always shifting. There are no guarantees in how the market will behave, but we can still help! No matter the market, no matter the season, we can help you buy or sell. Give us a call or text at (717) 371-0557 !
Your Friends in Real Estate, Jason Burkholder Real Estate Team
——————
Jason Burkholder
Kelly Burkholder
Adam High
Jaci Hoosier
717-371-0557 direct or text
Welcome Home Real Estate
717-298-8040 office
57 E Main St, Lititz, PA 17543
You’re getting quotes for a new patio and wondering- is it worth it? Will I enjoy it? Will this add value when it comes time to sell?
Short answer: if it will bring you joy, then it’s worth it. You own the house. Do what makes you happy!
Long answer: if you want to consider resale value, consider the following numbers-
For all of these projects, on a joy scale of 1-10, homeowners gave each of them a 9 or higher. In ground pools and landscape lighting were both at 10!
Whether you want to remodel for aesthetics, functionality, or just because it makes you happy, do it!
Need a contractor recommendation? Give us a call at (717) 371-0557 and we’ll be happy to connect you with a local professional!
Your Friends in Real Estate,
Jason Burkholder Team
——————
Jason Burkholder
Kelly Burkholder
Jaci Hoosier
717-371-0557 direct or text
Hometown Property Sales Group, LLC
717-207-8093 office
57 E Main St
Lititz, PA 17543
We all want a tidy home with no clutter, but most of us don’t have the hours to dedicate to deep clean-outs. The solution: finding moments in your daily life for a few minutes of organization.
Waiting for water to boil- go through your kitchen utensils and decide what to keep, donate, or throw away. You can also wipe down your microwave, counters, or clear out any old leftovers in the fridge.
Grabbing a Tupperware container with no lid- time to admit defeat and throw it away. Same goes for any lids without a match!
Brushing your teeth- clear out your medicine chest and vanity of expired medications and cosmetics.
Breaking down an Amazon box- keep it as a donation box! Give Back Box allows you to donate and ship your unwanted clothing and household goods to charity, for FREE!
Putting away laundry- throw out any lone socks or other item of clothing that’s past its prime.
Letting your conditioner sit- sort through body washes, shampoos, conditioner, old razors, bath poofs, and anything else that’s taking up real estate in your shower.
Watching TV- go through junk mail, magazines, and circulars
Putting clean sheets on the bed- if you’re avoiding another set of sheets, ask yourself why. Are they scratchy? Ugly? Decide whether to donate or throw away! Keep in mind that animal shelters will happily accept bedding and towels!
On hold with customer service- go through your junk drawer!
Hanging up your coat- are there any that could be donated? Thrown away? Sold?
Rome wasn’t built in a day and your house won’t be clutter free tomorrow, but chipping away bit by bit is manageable and adds up!
Source: houselogic.com
Looking to buy or sell in Central PA? We can help ! Reach us at (717) 371-0557
Your Friends in Real Estate, Jason Burkholder Real Estate Team
——————
Jason Burkholder
Kelly Burkholder
Adam High
Jaci Hoosier
717-371-0557 direct or text
Welcome Home Real Estate
717-298-8040 office
57 E Main St, Lititz, PA 17543