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The #1 Reason To List Your House For Sale NOW!

Posted by David E. DeChant on Monday, July 9th, 2018 at 8:41am.

If you are debating whether or not to list your house for sale this year, here is the #1 reason not to wait!

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 current lack of inventory:

“Inventory coming onto the market during this year’s spring buying season – as evidenced again by last month’s weak reading – was not even close to being enough to satisfy demand. 

That is why home prices keep outpacing incomes and listings are going under contract in less than a month – and much faster – in many parts of the country.”

The latest Existing Home Sales Report shows that there is currently a 4.1-month supply of homes for sale. This remains lower than the 6-month supply necessary for a normal market, and 6.1% lower than last year’s inventory level.

The chart below details the year-over-year inventory shortages experienced over the last 12 months:

 

Anything less than a six-month supply is considered a “seller’s market.”

Bottom Line

Meet with a local real estate professional who can show you the supply conditions in your neighborhood and assist you in gaining access to the buyers who are ready, willing, and able to buy right now!

 

 

 

Source: https://www.keepingcurrentmatters.com/2018/07/09/the-1-reason-to-list-your-house-for-sale-now/ 

3 Responses to "The #1 Reason To List Your House For Sale NOW!"

How Long Do Most Families Live In A House? wrote: [...]Links

The #1 Reason To List Your House For Sale NOW!
Cost Across Time [INFOGRAPHIC]
Homes More Affordable Today Than 1985-2000[...]

Posted on Tuesday, July 10th, 2018 at 11:55am.

Rising Interest Rates Have Not Dampened Demand wrote: [...]Links

How Long Do Most Families Live In A House?
The #1 Reason To List Your House For Sale NOW!
Cost Across Time [INFOGRAPHIC]




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First Time Home[...]

Posted on Wednesday, July 11th, 2018 at 10:55am.

House-Buying Power At Near-Historic Levels wrote: [...]Rates Have Not Dampened Demand
How Long Do Most Families Live In A House?
The #1 Reason To List Your House For Sale NOW!




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Buying Myths (12)
First Time Home Buyers (91)
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Posted on Thursday, July 12th, 2018 at 10:03am.

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