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Rexanne Collins -Oxford MS Real Estate Agent
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Rexanne Collins
Oxford MS Real Estate Agent
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RexanneSellsHomes@gmail.com
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Rexanne Collins -Oxford MS Real Estate Agent
  • About Me
  • Blog
  • Oxford MS Real Estate Market Reports
  • Informational Real Estate Videos
    • VIDEO: FINDING THE RIGHT HOME WITH DREAM HOME POTENTIAl
    • Video: Top 4 Reasons to Own a Home
  • 3D Virtual Tours
    • 114 Lackey Dr. Calhoun City MS 38916 | Virtual Tour VIDEO
    • 3776 Hwy 32, Water Valley, MS 38965 | Virtual Tour VIDEO
    • 101 Thomas St Houston MS 38851 | Virtual Tour VIDEO
    • 121 Woodson St, Bruce MS 38915 | Virtual Tour VIDEO
  • Testimonials
  • Oxford MS Real Estate – Premium Marketing Services
    • Virtual Tours
  • Are You on Your Way to Divorce Court?
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Rexanne Collins -Oxford MS Real Estate Agent
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1st Time Home BuyerBuyersFor BuyersOxford MS Real EstateWater Valley MS Real Estate

Are You Dreaming of a Bigger Home? Why Not Make This Your Year?

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Rexanne Collins,06/3/2021

 

Are you clamoring for extra rooms or a more functional floorplan in your house? Maybe it’s time to make a move. If you’ll be able to work remotely for the long-term or your overall needs have simply changed, it’s a great time to sell your house and move up. Why? With mortgage rates in their favor and higher-priced home sales powering more moves across the country, sellers in today’s market are finding the space they need (and have always dreamed of) by purchasing a home in the upper end of the housing market.

 

 

The Oxford MS real estate market has been crazy, as has Water Valley MS real estate.  With so few homes available for sale and high demand from today’s homebuyers, sellers are profiting in major ways this season. Bidding wars are gaining traction, driving up the sale price of more and more homes throughout the country. This means sellers are able to leverage extra cash from higher-priced sales while also taking advantage of today’s low mortgage rates when they purchase their next home. It’s the perfect scenario to move up into a true dream home. According to the April Luxury Market Report from the Institute for Luxury Home Marketing:

“The Institute’s recent analysis of sales in 2020 for homes over 5,000 square feet support the continuing preference for larger homes. The analysis determined that there was a 17% increase in the number of 5,000+ sq ft homes sold when compared to the number of sales in 2019.

Luxury home prices continue to see record highs in the majority of affluent ex-urban communities, as the influence of being able to work from home is still driving buyers away from living in high density areas. Low interest rates also remain in play, allowing buyers to realize the affordability of owning a larger property, which further reinforces this trend.”

Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), also explains:

“The market is hot pretty much everywhere and across all price points . . . The only area where there is sufficient inventory is in $1 million-plus homes . . . .”

While this price range certainly doesn’t fit every budget, if it’s in your reach this summer, you may want to make your move sooner rather than later. Today, more homes are available in this segment of the market, but as the report mentions, more buyers are investing here too, so competition may heat up sooner rather than later.

Bottom Line

If you’re planning to sell your current home to move into a larger one, let’s connect today. You need an Oxford MS real estate agent who excels in challenging situations and one who is determined to get the job done. We’ll discuss your current situation and the opportunities in our local market.

 

Rexanne Collins, Market Realty

Your Local Source for Real Estate

 

 

Call or Text: 662-586-1640

Off: 662-234-9900

 

"Because the right agent changes everything."

 

*Rexanne Collins is your BEST source for Oxford MS real estate or for real estate in the surrounding communities and towns. Looking for homes for sale in the Oxford, Bruce, or Calhoun City area? Professional REALTOR Rexanne Collins is your local real estate expert. Whether you are looking to buy or sell, Rexanne is the REALTOR for you. Go ahead and ask her why!

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Market Realty
307 W. Jackson Ave, Suite 1Oxford
MS 38655
662.586.1640
662.234.9900
RexanneSellsHomes@gmail.com

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