It’s a seller’s market in Manahawkin; prices are up, inventory down. If you’re thinking of selling, you should consider acting NOW.
What’s Your Manahwkin Home Worth?
That’s an aggressive headline, right? However, as the final data on the 2017 housing market rolls in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR MANAHAWKIN HOME!
How did we finish 2017?
- New-home sales were at their highest level in a decade.
- Sales of previously owned homes were at their highest level in more than a decade.
- Starts of single-family homes were their strongest in a decade and applications to build such properties advanced to the fastest pace since August 2007.
- Manahawkin average sale price is up over 9%!
- Average days on market in Manahawkin is down by over 10% - Homes are selling faster!!
And Bloomberg Business just reported:
“America’s housing market is gearing up for a robust year ahead. Builders are more optimistic, demand is strong and lean inventory is keeping prices elevated.”
And the National Association of Realtors revealed that buyer traffic is stronger this winter than it was during the spring buying season last year.
The only challenge to the market is a severe lack of inventory. A balanced market would have a full six-month supply of homes for sale. Currently, there is less than a four-month supply of inventory. This represents a decrease in supply of 9.7% from the same time last year. In Manahawkin there’s less than 4 months supply – that’s a severe shortage!
Bottom Line
With demand increasing and supply dropping in Manahawkin, this may be the perfect time to get the best price for your home. Let’s get together to see whether that is the case in your neighborhood.
Karl Hess & Keller Williams Shore Properties provides expert real estate services to residential buyers and sellers in Barnegat and the surrounding communities. Contact us today for more information on Ocean County Real Estate and for professional assistance navigating this complex home market.
As always, thank you for your time and feel free to get in touch if you have any questions. Karl Hess, Keller Williams Shore Properties - #1 Real Estate Office in Ocean County
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