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Over the past year, people have been buzzing about home prices. Some folks thought we might see a big drop like back in 2008, but that hasn’t happened.
Others are saying the market might go up or down a bit depending on where you are. As the year moves on, experts are still making their best guesses about what’ll happen with home prices in 2023 and beyond.
From handling major repairs to staging your home, preparing it for sale is a crucial part of a successful selling process. Sellers should aim for anyone who walks through the house to have a great first impression.
The first step is often to remove clutter and personal items. If you have a lot of belongings, you may need to rent a storage unit. Potential buyers want to envision their own things in the house, not be distracted by your personal items. Other important steps include deep cleaning, neutralizing decor, removing signs of pets, enhancing curb appeal, and staging the home to showcase its best features.
As of February 2023, homes were on the market for an average of 67 days. This figure is based on the time from when a property is listed until it is either sold, pending, or taken off the market.
The actual time a home spends on the market can vary widely. Factors like demand, the home's features, and local market conditions play a big role. In some cases, a home might sell in just a week, while others could stay on the market for 3 to 6 months or even longer.