The real estate market, just like financial markets, fluctuates in value on a daily basis. Only after an in-depth analysis of current market data and external influencing factors can your Real Estate Agent assist you in determining an optimal strategy for pricing and positioning your home for a successful sale. However, most traditional real estate agents merely factor in the most recent comparable sales without even considering the reason why those homes may or may not have sold at a specific price before recommending a pricing strategy.
At NextHome, our expert data goes way beyond the traditional comparative market analysis (CMA) as there are many additional influencing factors such as buyer demand trends, interest rate fluctuations, seasonal inventory trends, market absorption rates, and many more that can have a dramatic effect on the timing and execution of your home sale. We account for these external influencing factors through a full evaluation of market conditions before recommending a specific pricing strategy in order to ensure we’re best positioning your home to receive the highest price expectation possible.
Additional influencing factors and variables that can impact the positioning of your home in the market may include:
- Leading Economic Indicators
- Seasonal Inventory Trends
- Listing Price Trends
- Market Absorption Rates
- Foreclosure and Mortgage Default Rates
- Rental Market Trends
- Availability of Housing
- Local Job Economy
- Area Commute Times
- Mortgage Rates and Program Availability