Get ready for the bad news….
The National Association of Homebuilders (NAHB) said in an article published 8/26/2022 “With many households priced out of the for-sale market, existing home sales, new-home sales, single-family permits, and single-family starts have experienced significant year-over-year declines, deepening the ongoing housing recession, says NAHB chief economist Rob Dietz.”
Read the entire article here: NAHB: Housing Recession Deepens as Sales, Starts and Permits Significantly Decline | Builder Magazine (builderonline.com)
But there is still some good news!
The good news is, that if you have a professional real estate broker complete a Comparative Market Analysis (CMA) based on homes that are comparable to yours (comps), and that have sold within the past 12 months, you can still sell your home in this market.
Our team can prepare a CMA for you at your request. To get the process started, click here and begin to enter your home’s information. We’re always here to provide quality advice and consulting on the real estate market in The Roanoke Valley.