Today, I’ll go over the effects of COVID on our real estate market. We serve the Merrimack Valley area in Massachusetts, and we’ve recently seen a lot of our listings receive multiple overbids. In one case, we had 40 offers, and the home sold for $125,000 over asking. That has made a lot of people think their home is worth more than what it is. It’s still a seller's market, but the strategy to net more money from your sale starts at the beginning. You need to price appropriately to incite multiple offers because the market has slowed down. The average days on market used to be two or three days, and now we’re seeing houses stay on the market for a week or two. We are also finally seeing more inventory. With all these market changes, the optimal strategy is to price your home correctly to sell quickly. If you have any questions, please feel free to call us at 978-256-3306 or go to homesareus.com. We look forward to hearing from you and helping in any way we can.
