Most people want to list their home for the highest price possible when they sell their house. While a seller can always decide to list their house for as much as they want, ultimately, the market dictates how much it will actually fetch from a ready, willing, and able buyer.
Well, it looks like it’s a great time for any seller who wants to try and list their house for the highest price possible.
According to realtor.com’s August 2020 Monthly Housing Trends Report, the median listing price in the US increased 10.1 percent year-over-year in August. That’s a substantial increase from the 8.5 percent year-over-year growth seen in July—and the first time that listing prices have seen double-digit growth since 2017. And that 10.1 percent growth took the median listing price to $350,000—the highest on record.
So, what does this mean for you? With listing prices at an all-time high (and buyer demand at a high to go along with it), it’s an incredible market for sellers—so if you’ve been thinking about selling your home, now is a great time to make a move.