If you’re thinking of selling right now in Lawrence, KS, there is some potentially good news for you! Housing inventory is historically low at the moment. Take a look at this info graphic: 

As you can see, time on market is down and active listings are down from the same time last year. And then take a look at the average sale price in 2018. It’s over $245,000, an increase of nearly 20%! That’s good news on many levels, and may be a good enough reason for a seller to consider getting on the market. 

But, it’s important to consult a REALTOR® before making a decision. Not all listings are created equally, and depending on the value of a home can make all the difference. For example, most of these gains are only happening in the range of homes priced about $100,000 to $350,000. Homes priced above $400,000 are not seeing quite the same frenzied market activity as those below. And that makes a lot of sense. There are other factors that can influence a home’s value, so the important take-away here is to contact an agent if you’re thinking of selling. 

Another reason to contact an agent: It’s a great thing to sell right now, but if you also want to buy then things can get really complicated. Navigating the market is what we do, and buying in a “seller’s market” can be quite tricky! It’s all about strategy, and the goal should be to win/win. 

I love working with both buyers and sellers in any market. This one presents some particular challenges. But, I have solutions! Contact me if you’re curious about your home’s value, or if you’re thinking of buying in Lawrence.

This content is not the product of the National Association of REALTORS®, and may not reflect NAR's viewpoint or position on these topics and NAR does not verify the accuracy of the content.