If you are debating listing your house for sale this year, here is the #1 reason not to wait!
List Now – This is a HOT Seller’s Market!
It’s basic supply and demand. There is high demand, and not nearly enough supply to keep up with it.
What does that mean to you?
Many homes sellers are finding themselves in a multiple offer situation – there are several buyers vying for the opportunity to buy their home, with a variety of different types of offers.
If you’re considering selling your home, that should be music to your ears, and all the motivation you need to list your home!
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 inventory shortage:
“With demand holding firm and homes selling even faster than a year ago, the notable increase in closings in recent months took a dent out of what was available for sale.
Realtors are acknowledging, with increasing frequency lately, that buyers continue to be frustrated by the tense competition and lack of affordable homes for sale in their market.”
The latest Existing Home Sales Report shows that there is currently a 4.6-month supply of homes for sale.
This remains lower than the 6-month supply necessary for a normal market and 5.8% lower than June 2015.
The chart below details the year-over-year inventory shortages experienced over the last 12 months:
Anything less than a six-month supply is considered a “Seller’s Market”.
List now and get the best results!
Let’s get together and discuss the supply conditions in your neighborhood.
I would love to assist you in listing your home and gaining access to the buyers who are ready, willing and able to buy now!