Market Insights for the Summer

If you’re thinking about selling a home, the condition of the local market is of great importance. As you make the decision to list your property, consider these insights:

May to August

Did you now that sixty percent of homes in 2014 will be bought and sold from May to August? Getting your home on the market now means that you will have increased chances of securing a buyer within those promising months…before buyers are thinking about the start of the school season.

Since it’s still early, your home can have its ‘moment of glory’ in terms of marketing reach – before inventory creeps up in the middle of the summer.

Brutal Winters Mean Pent-Up Demand

Most people agree – Central Pennsylvania’s winter was absolutely brutal this year. Crippling cold temperatures, paired with snow and ice mean that there is pent-up demand from buyers who have been waiting for a break in the weather to jump into the market. Mortgage rates are still low, so buyers are able to get the financing they need to make a purchase.

Bidding Wars a Thing of the Past

Last summer, bidding wars were commonplace, but that’s not the case this summer so don’t bank on getting several offers at once. You’ll need to price your home correctly so it’s a win-win for both parties.

Price it Right the First Time

While many urban areas have seen double-digit increases, prices in Central PA have remained relatively stable, so looking at homes that are comparable to yours is a critical part of the process.

Mobile Listing Services

These days, everyone is managing busy family, work and personal schedules, so it is absolutely essential to have your home listed with a company that can get it in front of mobile customers.

Bowen Agency Realtors’ website does just that! We’ll work with you to secure the right photos, description, and amenity details about your property. Our listings are easy to view from the website and from mobile devices.