Are you outgrowing your home in 2022? Few people end up staying in the first home that they buy forever. (In fact, since the pandemic, 8.9 million relocated). Most people will outgrow their homes as they need more space, look for a new neighborhood, or invest in more valuable property. Are you working from home a lot since 2020? The home may suddenly feel more undersized if you live in smaller rooms and lack an office with storage.

Every person goes through changes, that’s life! Families inevitably grow up, bust out of homes, and constantly change in every way imaginable. Individuals and couples often advance in their careers, evolve to different lifestyles, or sometimes feel like their home is no longer appealing.

When it’s time to find a home as unique as the people who live there, call an experienced and trustworthy REALTOR® to request a CMA (Comparative Market Analysis) on your home and a neighborhood market report. Knowing how your local market moves and what season you can capitalize on to net a more substantial ROI (Return On Investment) is essential for your bank account.

Happy House Hunting,

REALTOR® Pam Hanson | 701-391-4897 | 114 W Main Ave, Bismarck ND 58501

Check out December’s macro city housing market statistics of beautiful Bismarck, North Dakota. What stands out to you most?

Here is my REALTOR® perspective:

Active listings are down -125% for December 2021. Traditionally, active listings slow down during the winter months with frigid temperatures and Holiday Season in full swing. When listing your home from November through January, you will find house-hunting is taken more seriously with limited inventory and less buyer competition. Be prepared that your home might sit longer now than your neighbors did 2-3 months ago. (However, I just helped a condo go under contract within 24 hours three weeks ago with an exceptional cash offer)! The city of Bismarck may be chilly, people may be busy, and the covid era is among us, yet many homes are still selling fast in today’s winter market.

After the CMA is a success, your home-selling checklist is complete, and you’re ready to hit the “GO Button!”; consider requesting data reports from REALTOR® Kassie Hanson about your specific neighborhood that are much more in-depth than this example. Flexible with your listing date? Why not let this information factor in to help you net the most money out of your return investment?

Let’s agree one important factor impacting housing supply and demand is the seasonality of your market. While you might not think the season matters when it comes to a listing date it makes a BIG difference – in some cases up to 10%. For the average listed price in December, that’s a $27,495 price jump. How’s that for a seasonal discount?

Happy Home Selling,

Pamela Hanson – Bismarck Real Estate