Why Now is The Right Time to Sell Your Manhattan Property
In today’s hot seller’s market, houses are selling almost as soon as they hit the market. This is good news if you’re selling an expired listing in Manhattan or Brooklyn. Here’s why!
Inventory is low
Inventory of homes for sale is actually low, as a lot of people aren’t selling right now. So if you have a property for sale or a listing that’s expired that you’re considering listing again, it might be great timing.
Demand is high
In contrast, there are a lot of buyers looking right now. Demand for homes is high. With the low supply of properties, this means houses are getting snatched up almost as soon as they list. Buyers are putting in competitive offers and getting into bidding wars. This means there will be significant interest in any properties on the market, including your expired ones.
Properties are selling for more
The combination of low supply, high demand, and bidding wars is working to drive prices up. You could actually end up not only selling your expired listing, but also selling it for more than you originally thought.
If you’re wondering about re-listing your expired listing, now could be a great time to sell. Of course, none of us can totally predict the housing market or what each individual situation will be. That’s why it’s important to work with a trusted and experienced real estate agent. They can help you navigate this particular time in the market and understand what it all means for your individual goals.
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