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Are You Ready for the Summer Housing Market?

Amanda Marcum

Amanda graduated in August 2007 from the University of Florida with a bachelors degree in Geological Sciences and a minor in Health Sciences...

Amanda graduated in August 2007 from the University of Florida with a bachelors degree in Geological Sciences and a minor in Health Sciences...

Jun 11 3 minutes read

Are You Ready for the Summer Housing Market?

Are You Ready for the Summer Housing Market? | MyKCM


As the health crisis started making its way throughout our country earlier this spring, sellers have been cautious about putting their homes on the market. This hesitation stemmed primarily from fear of the spread of the coronavirus, and understandably so. This abundant caution has greatly impacted the number of homes for sale and slowed the pace of a typically busy spring real estate season. Mark Fleming, Chief Economist at First American notes:


“As more homeowners are reluctant to list their homes for sale amid the pandemic, the supply of homes available to potential home buyers continues to dwindle.”


With many states beginning a phased approach to reopening, virtual best practices and health and safety guidelines for the industry are in place to increase the comfort level of buyers and sellers. What we see today, though, is that sellers are still making a very calculated return to the market. In their latest Weekly Housing Trends Report, realtor.com indicates:


“New listings: On the slow path to recovery. Nationwide the size of declines held mostly steady this week, dropping 23 percent over last year, a slight increase over last week but still an improvement over the 30 percent declines in the first half of May.”


Although we’re starting to inch our way toward more homes for sale throughout the country, the number of homes on the market is still well below the demand from buyers. In the same report, Javier Vivas, Director of Economic Research for realtor.com shares:


“Sellers have yet to come back in full force, limiting the availability of homes for sale. Total active listings are declining from a year ago at a faster rate than observed in previous weeks, and this trend could worsen as buyers regain confidence and come back to the market before sellers.”


Lawrence Yun, Chief Economist at the National Association of Realtors (NAR) seems to agree:


“In the coming months, buying activity will rise as states reopen and more consumers feel comfortable about homebuying in the midst of the social distancing measures.”


What we can see today is that homebuyers are more confident than the sellers, and they’re ready to make up for lost time from the traditional spring market. Summer is gearing up to be the 2020 buying season, so including your house in the mix may be your best opportunity to sell yet. Interest in your house may be higher than you think with so few sellers on the market today. As Vivas says:


“More properties will have to enter the market in June to bring the number of options for buyers back to normal levels for this time of the year, nationwide and in all large markets.”


Bottom Line

If you’re ready to sell your house this summer, let’s connect today. Buyers are interested and they may be looking for a house just like yours.

Client ❤️

5 H’s: Humble, Hardworking, Honest, Hustling, Honed.

Completely out of the blue we needed to sell our home, FAST. I’ve worked in real estate closing for over 15 years-I knew through the business Amanda was good, her rep definitely preceded her. I knew she handled “the big houses” and frankly I worried my little starter home wouldn’t interest her.  Then.... we met.            5 H’s: Humble, Hardworking, Honest, Hustling, Honed. From minute one she set out EXACTLY what we needed to do, never missed a beat in communication (with two Type A high maintenance sellers), bottom line she made a molehill out of our mountain, kept us in a comfort zone, we sold in 2 days after only 30 days of preparation. This realtor has not only studied her craft, she has honed the art of taking care of her clients and getting the job of SOLD done. There’s a reason business is built on reputation, and I can’t say enough for how hard Amanda has worked to be top notch in technology, excellent in her field and at taking care of her clients.

Daphne was there for us every time we had questions or needed her help!

The experience with Daphne was fun, knowledgeable,  and professional. She worked with us from out of state, then when we arrived, she continued to help us, and we found our home quickly. She was there for us every time we had questions or needed her help.  If we ever needed a realtor again, we  would DEFINITELY use Daphne!

Kelli shows a never quit attitude for the client!

This was my first experience buying a home, Kelli was very informative when answering questions.  Being a single father in a competitive market Kelli was continuously showing me potential houses.  Kelli shows a never quit attitude for the client.  Kelli had a good attitude through out the whole  process.  I have been recommending her to other clients looking to buy a home.

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