The Albuquerque real estate market is showing a lower inventory which means homes are selling but eventually the demand of homes in our market will start a new trend of higher cost properties. If you are considering making a move the time is now! Q Realty® agents are experienced and ready to help you sell or buy your home!
By the KCM Blog
The price of any item (including residential real estate) is determined by ‘supply and demand.’ If many people are looking to buy an item and the supply of that item is limited, the price of that item increases.
According to the National Association of Realtors (NAR), the supply of homes for sale dramatically increases every spring. As an example, here is what happened to housing inventory at the beginning of 2017:
Putting your home on the market now instead of waiting for increased competition in the spring might make a lot of sense.
Bottom Line
Buyers in the market during the winter months are truly motivated purchasers. They want to buy now. With limited inventory currently available in most markets, sellers are in a great position to negotiate.
Interesting! Good facts indeed!