As you will see, due to a nationwide increase in prices and fall typically being a good time of year to sell your home, we’re in a seller’s market in Polk County.
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What’s been happening in the Polk County real estate market this fall?
Right now, we’re definitely in a seller’s market. Fall is typically a good time to sell your home because people are looking to move before the end of the year. Nationwide, we’re still seeing a trend of prices increasing due to a lack of available inventory out there.
What these conditions mean for buyers and sellers is that sellers don’t have to take the first offer they see, and buyers need to see their Realtor immediately if they see a house that they like.
If you’re a buyer, when you come to the table with an offer, your offer must be one of your best. The times of negotiating back and forth three for four rounds just aren’t there anymore. We’re seeing many multiple offer scenarios happen, which means there are probably three or four other people making an offer on the same house that you are.
In a volatile market like the one we’re facing, the terms of your contract (i.e., inspection period, financing, etc.) have to stand out.
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I’m proud to say that the Butler Team exceeds our local market in terms of the average days on market. The average days on market for all homes listed in East Polk County is 92 days. From January 1st through August 1st, our listed homes have averaged 67 days on market.
If you’re a buyer, come to the table with your best offer.
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If you have any other questions, please feel free to give us a call or send us an email. We look forward to hearing from you soon.
