05.05.21
Market Update
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By : Jarrod Cruze

Market Update

There’s never been a more lucrative time to sell your home, especially in booming suburban cities like Knoxville. We’re currently experiencing a deficit in supply of homes, so demand has never been higher. If you’re looking to get the highest return on your real estate investment, now is the perfect time.

With only 277 homes for sale in the Knox County area, homes are going under contract with multiple offers over asking. So what does that mean for sellers? Sellers are in a good position with home prices hitting new highs. As the number of buyers in the market outweigh the number of homes for sale, sellers have the upper hand. You have the ability to be extra selective when choosing your buyers.

A lack of homes for sale has plagued the U.S. housing market making those in search of a home a necessity to be less picky in their search. Some might settle for smaller closets, fewer bedrooms, less square footage, etc.

This is why it is important to choose a qualified realtor because, being able to present the best offer, best contingencies, and best finances