Why You Should Sell Now

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Real Estate Agent with Intero Real Estate Services, San Jose, Silicon Valley 01505493

 


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Buyer Demand Continues to Outpace the Supply of Homes for Sale 

The National Association of REALTORS’ (NAR) Chief Economist Lawrence Yun recently commented on the inventory:

Last month’s dip in closings was somewhat expected given that there was such a strong sales increase in March at 4.2 percent, and new and existing inventory is not keeping up with the fast pace homes are coming off the market.

Demand is easily outstripping supply in most of the country and it’s stymieing many prospective buyers from finding a home to purchase”.

The latest Existing Home Sales Report shows that there is currently a 4.2-month supplyof homes for sale. This remains lower than the 6-month supply necessary for a normal market, and 4.6% lower than a year ago.

 

Posted by

Lisa Wiseman

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