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Did You Outgrow Your Home in 2020?

Did You Outgrow Your Home in 2020? | MyKCM

It may seem hard to imagine that the home you’re in today – whether it’s your starter home or just one you’ve fallen in love with along the way – might not be your forever home.

Many needs have changed in 2020, and it’s okay to admit if your house no longer fits your lifestyle. If you’re now working remotely, facilitating virtual school, trying to exercise at home, or simply just spending more time in your own four walls, you may be bursting at the seams in your current house.

According to the latest Home Price Insights from CoreLogic, prices have appreciated 7.3% year-over-year. At the same time, the National Association of Realtors (NAR) reports that inventory has dropped 22% from one year ago.Did You Outgrow Your Home in 2020? | MyKCM

These two statistics are directly related to one another. As inventory has decreased and demand has increased, prices have been driven up.

This is great news if you own a home and you’re thinking about selling. The equity in your house has likely risen as prices have increased. Even better is the fact that there’s a large pool of buyers out there searching for the American dream, and your home may be high on their wish list.

Bottom Line

If you think you’ve outgrown your current home, let’s connect to discuss local market conditions and determine if now is the best time for you to sell.

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About our blog

Our agents write often to give you the latest insights on owning a home or property in the Vancouver WA & Portland OR area.

Testimonials

While we set out to look for a new family home, given the limited homes on the market we were left underwhelmed with the options. Kelly took the time to understand our goals and found us a wonderful 2 acre lot. He helped us interview home builders and navigated us through the building process. Once we moved in he and his wife stopped by to check in on us. He helped us move a sofa that night even though it was their date night. Kelly cares about each client and takes their satisfaction to heart…
Heather H