As I stated yesterday a report came out that indicated a 64 consecutive month increase in Real Estate prices and around 24 consecutive months of shrinking inventory.
For a seller, it is hard to know what to do, unless you've been transferred. The time to list your home is always now, IMHO, because there are always buyers looking. So, by delaying and watching prices consistently trending upwards more and more people are priced out of the market.
NOW is the time to list your home if you are a serious seller and not someone who is testing the waters.
An interesting note, I'm beginning to hear more stories of agents whose buyers see a home NOT on the active market but send their agent to the door to see if the owner would entertain an offer. I know 2 people who sold their home that way. The offers were too good to turn down.
U.S. Housing Inventory Hits a New Low... List Your House TODAY!
 Every summer, families across the country decide if this will be the year they sell their current house and move into their dream home. Mortgage rates have hovered around 4% for all of 2017, forcing buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW!! At the same time, inventory levels of homes for sale have dropped dramatically as compared to this time last year. Trulia reported that “U.S. home inventory has tumbled 8.9% over the past year and has now fallen for nine consecutive quarters.” There is now 20% less inventory than there was five years ago. Here is a chart showing the decrease in inventory levels by category:
Bottom LineDemand for your home is very strong right now while your competition (other homes for sale) is at a historically low level. If you are thinking of selling in 2017, now may be the perfect time. |
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