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Is now a good time to sell my home?
Is now a good time to sell my home?
While it’s an easy decision if you’re a Smyrna Vinings home buyer right now, it’s a little more complicated for sellers. Many homeowners are still underwater, so it makes selling your home difficult. In the Smyrna Vinings market, prices have been slowly increasing since last Summer. So while you can sell for more than you could the past couple years, expect to see prices rise further.
Coming into 2012, we had just about 7 months worth of inventory in both single family home and in the condo/townhome market. Months of inventory is a metric that we use to gauge the health of the market and six months of inventory has always been used as that happy medium between a buyers and a sellers market.
As inventory continued to shrink during 2012, demand was certainly outpacing supply. If you think back to your high school economics class, what happens to price when demand exceeds supply? Prices go up.
One could argue that the prices in a natural market would go up quicker based on the demand we have seen since last Summer, but banks and appraisers certainly don't want a recurrence of the ... more

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