Analysts think that over the next 6 months, more sellers are ready to list their homes in numbers that could give buyers broader choices and ease home prices.
FORT LAUDERDALE, Fla. – People desperately shopping for homes in South Florida may finally have some luck. Evidence is emerging that sellers who have hibernated for months are ready to list their houses. Over the next six months, enough of them are expected to add to the thinning number of homes for sale that buyers could have broader choices, according to analysts, brokers and home search sites.
Among the encouraging signs:
In a survey released Monday, realtor.com concluded that an “improving landscape” awaits first-time buyers who have been frustrated by soaring prices, as well homeowners who are looking to “trade up” for better digs.
Many sellers have been holding off listing properties for a variety of reasons, including a fear of opening their homes to people who might be carrying the virus. Others were simply riding the wave of higher prices. not wanting to leave money on the table. In many instances, their patience has been rewarded in the form of bidding wars, cash offers and an influx of out-of-town buyers.