I’m not going to bury the lede here – YES, 2021 is going to be an amazing year to sell your home. There are a number of factors which are working together to make this a perfect storm of opportunity. First among them is the low amount of homes for sale – in many parts of the greater Silicon Valley area, there’s only a 2-week supply of homes, which buries the needle very firmly in the “seller’s market” side o the gauge…remember, a six MONTH supply of homes is considered a “balanced” real estate market, so we’re very far out of balance, heavily in favor of sellers. Next are record-low interest rates. Many borrowers are finding rates as low as 2.5% for a new 30-year fixed mortgage, and that translates into increased buying power and a rush to buy while rates are low. Couple that with the ongoing pandemic and consumer demand for more and better living space all adds up to an AMAZING market to sell your home in 202!!
Is 2021 a good year to sell my home?
Elections, Riots, and Coups, oh my!
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