Saturday, February 29, 2020 / by Rachel Parsons
New Castle County is experiencing record-low home inventory. Year over year, there were 36% fewer homes available for sale at the end of Quarter 4, and that number has continued to increase at the start of 2020. As a result, more sellers are benefiting from fewer days on market, multiple offers, and higher sale prices.
Southeastern Pennsylvania is experiencing similar trends, as inventory continues to fall at the start of 2020. This doesn't just benefit sellers - current homeowners in these areas can expect the value of their home to increase as comparable homes in their neighborhoods sell for more!
Wondering how much equity is already in your home? Considering selling but not sure if now is the right time?
Contact one of our local market experts for free home valuation with no obligation!