Real Estate 2024 Predictions
Welcome, everyone! Alex Bracke here with the Valor Group, and I want to discuss the current real estate landscape in Northern Virginia for early 2024.
In the current market, homeowners are in a unique and advantageous position. Despite what you may have heard in the news, we are still in a seller's market, with a 2.15 months supply of homes. Anything less than 3 months supply defines a seller's market, indicating favorable conditions for those looking to sell their homes.
This isn't the frenzy of 2020 or 2021 when the supply was as low as one-tenth of one month. However, it remains a good time to sell, and the market favors homeowners. While we anticipate more buyers entering the market in May 2024, this presents a unique window of opportunity for sellers right now.
For those planning to sell and buy another home within the continental United States, early 2024 is an excellent time to list your home. The competition is expected to increase later in the year, making the current period more advantageous for both sellers and buyers.
It's essential to act sooner rather than later, as this market is a bit of a unicorn for 2024. Whether you're a homeowner looking to sell or a potential buyer, the earlier in the year you enter the market, the better.
Now, if you're considering listing your home, I have a free list of 20 items that you should tackle to prepare your home for sale. Follow the link in the comments, and I'll provide you with this valuable resource at no cost.
For those interested in receiving the list, just shoot me a message with the word "list," and I'll send it your way. This compilation of essential tasks will ensure your home is ready before putting it on the market.
In summary, 2024 presents a unique opportunity for both sellers and buyers in the real estate market. Act now to make the most of the current seller's market, and if you're planning to sell, make sure your home is properly prepared with the list of 20 items I'm offering for free. Don't miss out on this unicorn market—seize the opportunity!