Compare Listings

The #1 Reason to List Your House for Sale NOW!

The #1 Reason to List Your House for Sale NOW! | Simplifying The Market

If you are debating whether or not to list your house for sale this year, here is the #1 reason not to wait!

Buyer Demand Continues to Outpace the Supply of Homes for Sale

The National Association of Realtors’ (NAR) Chief Economist Lawrence Yun recently commented on the current lack of inventory:

“Inventory coming onto the market during this year’s spring buying season – as evidenced again by last month’s weak reading – was not even close to being enough to satisfy demand. 

That is why home prices keep outpacing incomes and listings are going under contract in less than a month – and much faster – in many parts of the country.”

The latest Existing Home Sales Report shows that there is currently a 4.1-month supply of homes for sale. This remains lower than the 6-month supply necessary for a normal market, and 6.1% lower than last year’s inventory level.

The chart below details the year-over-year inventory shortages experienced over the last 12 months:

The #1 Reason to List Your House for Sale NOW! | Simplifying The Market

Anything less than a six-month supply is considered a “seller’s market.”

Bottom Line

Let’s get together to discuss the supply conditions in our neighborhood so that I can assist you in gaining access to the buyers who are ready, willing, and able to buy right now!

Powered by WPeMatico

img

admin

Related posts

Baby Boomers are Downsizing, Are You Ready to Move?

For a while now baby boomers have been blamed for a portion of the housing market’s current lack...

Continue reading
by admin

Pre-Approval: Your 1st Step in Buying a Home

In many markets across the country, the number of buyers searching for their dream...

Continue reading
by admin

Buying a Home? Do You Know the Lingo? [INFOGRAPHIC]

Some Highlights: Buying a home can be intimidating if you are not familiar with the terms used...

Continue reading
by admin