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WHY is it the time to Sell?

By
Real Estate Agent with Elevate Realty Group NW by Keller Williams 200802165

Everyone keeps saying how the market is great and it's time to sell. Wondering WHY though?

 

There are TWO main reasons


#1-Inventory levels
Inventory January 2015
There is a very limited amount of inventory in the Portland Metro Area. As a general rule of thumb, anything under 4 is considered a "seller's market" and anything above 6 is considered a "buyer's market".  4-6 is considered a "normal market".  This number simply means how many months it would take to run out of homes for sale if no new homes were listed.

 

 

 

 

#2-Interest Rates

Interest rates have been at historically low levels for a few months now. When rates are lower, the buyer can actually afford more house. So they can spend more for your house now vs when rates are higher.

Interest rate graph

 

What this means

Simply put, low inventory levels means LOW competition. Low interest rates means buyers are desperate to find a home before they rise, and you could essentially list your home at a higher price.

 

 

You might be very surprised at what your home is worth in TODAY'S MARKET. Contact me for a Free, NO-obligation Home Value report.

 

 

 

Winston Heverly
Coldwell Banker Access Realty - South Macon, GA
GRI, ABR, SFR, CDPE, CIAS, PA

Molly,  a helpful read today that will definitely give us food for thought to today's message of keeping up with our real estate practices.

Feb 27, 2015 07:39 AM
Ron & Kristina Wilczek
Metro Phoenix Homes - Phoenix, AZ
Trustworthy, Professional, and Dedicated to You

Great presentation of facts. Love the visuals!

Feb 27, 2015 08:10 AM