By KCM Blog
If you are one of the many homeowners out there who are debating putting their house on the market this year, don’t miss out on the great opportunity you have right now!
The latest Existing Home Sales Report from The National Association of Realtors (NAR), reveals that the inventory of homes for sale has dropped to a 5.1-month supply.
Historically, a 6-month supply is necessary for a ‘normal’ market, explained below:
There are more buyers that are ready, willing and able to buy now, than there has been in years! The supply of homes for sale is not keeping up with the demand of these buyers.
Bottom Line
Home prices are appreciating in this seller’s market. Listing now will give you the most exposure to buyers who will be competing against each other to buy your house.
Paul Chavez, Q Realty, Senior Consultant says “In addition to market absorption increasing and the occasional return of multiple offers, one of the more important reasons to list your home now is that we know where the market currently stands. Projecting 3, 6 or 9 months into the future is difficult to do considering the possible rate increases, consumer mindset and global economics. Lots of variables these days that play into the consumers mind and ultimately impacts buyer decisions. Relatively speaking, the market is in a good spot now and buyers and sellers should be taking advantage of it.”
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