realestatestats

Here are some seller expectations...

•24% of homeowners expect to get more than their asking price.

•29% of sellers plan to ask for more than what they think their home is worth.

•16% of home sellers expect a bidding war on their home and to have multiple offers to choose from.

•25% expect to have an offer within a week of listing.

•16% expect to receive a cash offer.

•24% don't expect to pay for any repairs or improvements to the property.

•16% of sellers expect buyers to waive contingencies, such as financing, appraisal, or home inspection.

These stats are from a new survey from realtor.com of 657 homeowners planning to sell in the next 12 months.

Are these reasonable expectations?

Here are some seller expectations... (1).jpg

August is 2020's homebuying peak

Here are some national stats:

•Time on the market is now 4 days faster than last year.
•Median listing prices grew at 9.4 percent over last year.
•New listings were down 11 percent.
•Total inventory was down 35 percent.
•The West region of the U.S. continues to lead in the national housing recovery during the pandemic.