In line with the change of season and warmer weather, the Lehigh Valley housing market is heating up heading into the spring and summer. Starting in January of this year, the housing market in the Lehigh Valley communities saw median sales price increase nearly 12 percent over the same time last year and a record low in the number of houses for sale. With high sale prices and low inventory, there couldn’t be a better time to list your home for sale in the Lehigh Valley.
For the past few months, the Lehigh Valley market has been challenging for buyers but has become an ideal market for sellers. Month after month, the pool of available homes has continued to decrease as interest in homeownership in the cities of Allentown, Bethlehem, Easton, Nazareth and Hellertown has increased. This is due in part to the positive economic recovery in the last few years, which has corrected the market and reinstated the usual rules of supply and demand. Jennifer and her team are trusted Bethlehem real estate agents.
With more people willing and able to buy homes and a smaller number of homes for them to choose from, we are seeing multiple offers on homes which drives up price and the overall health of the seller’s market. March data shows current sellers are receiving on average 98.3 percent of list price and experts predict this trend to stay strong into the summer months.
This year, there has been no ‘off-season’ for buyers, helping the seller’s market stay strong. Buyers that were making offers on homes in the fall continued to search through the winter as they went up against multiple offers and stiff competition. As inventory remains low,
As the seller’s market flourishes and you consider entering the market, it is important to keep in mind that buyers remain picky and there are number of things to keep in mind as you prepare your home for sale in Lehigh Valley. While the market is hot, be sure to price right; consider comparable homes for sale in your neighborhood and nearby communities and price appropriately. Take springtime to declutter, keep your home neat and clean and be accommodating when prospective buyers are interested in showings
Buyers are eager and this combination of factors has made this summer an ideal time to list a home in the Lehigh Valley with The Jennifer de Jesus Team at Steel City Realty. Don’t wait for the ‘spring market’ to hit; it’s already here!