Selling your home is one of the biggest decisions (and undertakings) you go through as a home owner.
In order to keep positive equity, deciding WHEN to sell is just as important as deciding on the right list price for your property.
Seeing data and trends make a huge difference so you are informed to capitalize at the right time.
According to Casper MLS statistics, there is less inventory in the Casper area market than any time since 2015.
Here are the most important stats for March 1st through the 13th that you should know if you've been thinking of putting your home on the market
|Avg Days on Market||108|
|Avg Sales Price||$218,293|
|# of New Listings||65|
|# of Homes Sold||39|
|Avg List Price to Sales Price %||97.10%|
Many houses still move fast. Since the beginning of the year, more than 25 homes have closed in less than 45 days from when they were listed, and that includes the escrow period!
As interest rates continue to rise, a 1% increase could decrease a potential buyer’s purchasing power by $25,000. The Fed just increased rates, and experts say that more rate hikes are likely on the way this year. As a seller, it is essential to think about how increasing interest rates could affect the sale of your house AND affect your purchasing power on your next home.