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3 Charts That Shout, ‘List Your Home Today!’

By
Real Estate Agent with TOP SELLING REALTY Lic. # SL3154233

In school, we all learned the theory of supply and demand. When the demand for an item is greater than the supply of that item, the price will surely rise.

SUPPLY

The National Association of Realtors (NAR) recently reported that the inventory of homes for sale stands at a 3.8-month supply. This is considerably lower than the 6-month supply necessary for a normal market.

DEMAND

Every month NAR reports on the number of buyers out in the market looking for homes, which is also known as buyer traffic. As seen on the map below, buyer demand in March was strong or very strong in 45 out of 50 states nationwide, and Washington, DC.

 

Many buyers are being confronted with a very competitive market in which they must compete with other buyers for their dream homes (if they are even able to find a home they wish to purchase).

Listing your house for sale now will allow you to capitalize on the shortage of homes for sale in the market, which will translate into a better pricing situation.

HOME EQUITY

Many homeowners underestimate the amount of equity they currently have in their homes. According to a recent Fannie Mae study, 37% of homeowners believe that they have more than 20% equity in their homes. In reality, CoreLogic’s latest Equity Report tells us that 78.9% actually do!

 

 

Many homeowners who are undervaluing the equity they have in their homes may feel trapped, which may be contributing to the lack of inventory in the market.

Bottom Line

If you are debating selling your home this year, let's meet up to evaluate the equity you have in your home, as well as the opportunities available in your market.

 

POSTED BY:________________________________________________________________________________________

Abby Stiller
Realtor® - Lic. #SL3154233

Premier Realty Homes of SWFL
Cell: (239) 284-8637
10 years of Experience
Your Local Market Specialist! - Home Enthusiastic!

Posted by

Abby Stiller 

Broker Lic. BK3154233

TOP SELLING REALTY     

16 Years of Experience!

 

 Cape Coral Fort Myers Naples  Realtor Cape Coral      

 

 

I help Home buyers find their dream home & Homeowners sell for more. Thinking of buying or selling? Call/Text me: 239-284-8637   

or visit: www.TeamStiller.com

 

Home Buyers Specialist     Veteran specialist  Foreclosure short sale specialist

 

Comments(3)

Jim Cheney
Saint Francis Property Santa Rosa, CA - Santa Rosa, CA
Rincon Valley Realtor 707.494.1055

Love the charts Abby Stiller 

Apr 26, 2017 09:24 AM
Gwen Fowler SC Lakes & Mountains 864-710-4518
Gwen Fowler Real Estate, Inc - Walhalla, SC
Gwen Fowler Real Estate, Inc.

The charts are quite impressive.  You will win a lot of business using them.  Good Luck!!

Apr 26, 2017 09:55 AM
Abby Stiller
TOP SELLING REALTY - Cape Coral, FL
SW Florida (239) 284-8637

Charts are always a good way to explain the market to our customers. Thanks Jim Cheney and Gwen Fowler-CRS- 864-638-3599 SC Mountains & Lakes-- for your comments.

Apr 26, 2017 11:44 AM