Although spring has typically been the busiest buying season, the next few months are looking to be a prime time to list and sell your home. Our local market is thriving as demand surges for accurately priced homes. With listing inventory and interest rates hovering at historic lows, both buyers and sellers can benefit from making the move.
Sellers who correctly priced their homes saw quick responses in 2020, and the first few months of the new year are shaping up to be no different. The typical Lawrence seasonal market was altered substantially last year. We experienced a much more robust fall and early winter market, with buyers seeking to take advantage of extraordinarily low interest rates, while fulfilling new wants and needs that have been realized during the pandemic.
Ambitious sellers would be wise to take into account new characteristics of buyers and make strategic adjustments prior to listing if possible. A new work-from-home lifestyle is active across the nation. Children learn virtually in one room as parents work in another. This reality has increased the need for functional living spaces that offer privacy away from chaos.
Features like upgraded outdoor spaces, a home office, separate dining and living areas, and high-speed internet access are growing in popularity. In addition, a guest suite option is a welcome attraction, especially for those with multi-generational households.
Design experts predict that 2021 will see new home trends emerge, such as a cozier and more comfortable vibe of neutral palettes and warm undertones. Pops of color can add intrigue to a room, but minimalism is expected to be the focal point. Taking note of these trends when staging a home for sale could result in a worthwhile return on investment.
The market is remaining active, and as long as interest rates remain low, it will continue to be a good time to buy, so if you’ve been considering a move, now may be the best time to put that McGrew For Sale sign in the yard!