I just spoke with an agent who received 42 offers on a listing over the weekend. That is insane. If you have been thinking about upgrading your home, now is a fantastic time.
Home prices are expected to continue rising. If you currently own a home under the $450,000 mark and you can afford it, I would highly recommend upgrading.
Homes under $450k are receiving multiple offers, while homes above that price point have a lot less competition. This means your home will sell quickly and for a high price, and then you can turnaround and buy a bigger, better home at a low price.
These are state wide numbers and every market is different, but in general, the ideal real estate transaction right now is the upgrade.