Weekly real estate market update 11/29/21… what buyers want

ShowingTime Stats 2021-10-27

Summer showings were distinctly different for the last three years, but this year’s showings have been close to last year starting in September. Now all three years are coming together, with this year a little lower than 2020 but higher than 2019. It will be interesting to see what happens the rest of the year.

New listings and pending sales are getting closer together as we slide into the end months of the year. This is the season when serious buyers are watching new listings for ‘the one’ for them to hit the market. When it does, they are ready to pounce.

Market Stats YTD – 2021-10-29

With working from home in some form here to stay for many workers, many homeowners are looking for homes that more closely match their needs… remote work is no longer a temporary Covid situation. Thinking about selling? Does your house have what buyers are looking for? Read what the post below from our blog at Keeping Current Matters has to say…

Sharlene Hensrud, RE/MAX Results – shensrud@homesmsp.com

 


house-heart

Does Your House Have What Buyers Want?

The rise in remote work is changing what many Americans want in their homes. Many companies are choosing to delay reopening or go remote full-time, and today’s buyers are looking for homes with more space to support their work needs.

As a seller, if you no longer need the extra room you have in your home, rest assured there are buyers who do.

Remote Work Is Here To Stay

Remote work remains a reality for many Americans. A recent poll from Garter, Inc. shows many organizations have not yet returned their offices:

“. . . 66% of organizations are delaying reopening their offices due to new COVID-19 variants.”

And it’s not just companies that are choosing to remain remote for the time being – workers are seeking more flexibility. According to research from PricewaterhouseCoopers, nearly one-fifth of employees want to be fully remote in the future. The study also finds that many people are leaving jobs to seek out remote work opportunities:

“Among employees looking for new jobs, almost one in ten say it’s because they moved away from the office while working remotely and don’t want to go back on-site.”

More Remote Work Means a Greater Need for Home Offices

That’s leading today’s buyers to prioritize finding homes with more space so they can comfortably work from home. The 2021 Home Design Trends Survey from the American Institute of Architects finds that 69% of surveyed individuals still want at least one office at home. However, it also shows that more people are looking for multiple spaces in their home for remote work and virtual meetings (see graph below):Does Your House Have What Buyers Want? | Simplifying The Market

What Does This Mean for You?

If your house has extra space that you no longer need, buyers are interested, and now may be the perfect time to sell.

Your trusted real estate advisor can help you highlight many of the most sought-after features in your listing, including home offices. On the other hand, if you have extra room without a purpose, consider staging it as an area where remote work can happen. Your agent can help you with this as well by evaluating and preparing your space for potential buyers. They’ll make recommendations for how to stage the room, where to draw the eye, and what other sellers are doing to make their houses stand out.

Bottom Line

With the continued rise in remote work, more buyers are looking for homes that can support multiple home offices. If you have extra room you’re no longer using, consider selling. Let’s connect to discuss the unique features in your house and how you can capitalize on any extra space to appeal to today’s buyers.

Written By

I love what I do! Highly insightful, analytical and creative, there is nothing I love more than helping you find the right solution for your real estate transition. My mission is to serve my clients with honesty and integrity, exceeding their expectations in service and support… and to help others by donating a portion of every transaction to Habitat for Humanity.

Related Posts

Senior Moving Guide: Storage and Housing Assistance

🖨 Print Article Moving a household is no easy feat for anyone, young or old. Whether it’s time for you to move on from the home you’ve been in for...

Weekly real estate market update 2/23/24… how changing mortgage rates impact you

đź–¨ Print Article Property showings are on track with activity in previous years… … as are new and pending listings. Coming soon listings popped up a bit again this week....

Subscribe to Our Newsletter for Market Updates & Mid-Century Modern Listings

Our weekly HomesMSP Update includes current local market information and a curated list of mid-century modern properties for sale, plus posts from an inspector, a lender, a stager, info about neighborhoods, life in the Twin Cities… even recipes!

Hidden

Blog Categories

Archives

Sharon and John Hensrud

About Us

The HomesMSP Team is committed to meeting you where you are and listening… really listening to understand you so we can use our extensive knowledge of the market and local neighborhoods to give you personalized service.