You Home Value is Up!
Low Interest rates and Low Inventory are the root cause. It's all about "Supply and Demand" over the past year. The real estate market has three different stages. The current buyer demand causes a sellers market. When a shift occurs and more sellers decide to put their home on the market the buyers have more choice and they are in the driver's seat, causing a buyers market. When inventory and amount of buyers are equal it becomes more of a balanced market.
While we do not know what changes are ahead in 2021, it is a great time to be a seller and receive multiple offers to choose the best terms.