By Tamra Haase

You may be wondering if now is a good time to sell your house, and the answer is: Maybe

Especially if you live in a place where home prices are climbing fast, homes at entry-level prices often purchased by first-time homebuyers are likely to see lots of buyer activity through the rest of the year.

Heading into 2021, housing market experts are predicting a year of high demand and rising home prices. After an initial drop in housing market activity last spring coinciding with stay-at-home orders and closed businesses, homebuying and selling rebounded quickly. Buyers are still eager to move, but the lesser supply of homes on the market in many parts of Tucson is contributing to rising home
prices. As a result, it remains a seller’s market that benefits homeowners who are choosing to sell now.

If you’re on the fence about selling, you have a few choices: You can put your house up for sale to take advantage of the current demand, or you can wait out the pandemic (however long that takes) for a more vivid picture of the future of the economy, or maybe if you’re in position to buy, you can opt to keep your current home as a rental and make a move toward being an investor.

At this time, the housing market is largely being driven by two factors: a shortage of available housing inventory and extremely low-interest rates. Double-digit annual growth in both list and sale prices show an extreme lack of inventory and incredible demand.

The housing market is still hot!

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