Why the Smartest Sellers Are Listing Early This Spring in Edwardsville, Collinsville, Troy, and Glen Carbon
Spring is one of the busiest times in the Edwardsville, Collinsville, Troy, and Glen Carbon real estate markets, but the strongest results often come from listing before inventory peaks.
With budgets already stretched thin along with higher interest rates, today’s buyers are more selective than ever regarding homes they’re willing to purchase. They don’t want to get stuck with a home they’ll need to sink even more money into after closing. In fact, according to a recent report from Zillow, buyers are willing to pay up to 4% more (an average of $13,000 for the average American home) for a move-in-ready listing that doesn’t need renovations or repairs.
In line with many other living expenses, home insurance has been rising over the last several years. According to the Consumer Federation of America, the average annual home insurance premium for a typical homeowner increased by an average of $648 across the country from 2021 to 2024. Home insurance in Missouri increased by an average of 12% during that time span, while Illinois home insurance increased by a whopping 50%.