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The #1 Reason To Put Your House On The Market TODAY!

Posted by David E. DeChant on Monday, July 30th, 2018 at 8:51am.

The National Association of Realtors (NAR) released the results of their latest Existing Home Sales Report which revealed that home sales declined 0.6% to a seasonally adjusted annual rate of 5.38 million in June from 5.41 million in May, and are 2.2% below a year ago. Some may look at these numbers and think that now is a bad time to sell their house, but in fact, the opposite is true.

The national slowdown in sales is directly tied to a lack of inventory available for the buyers who are out in the market looking for their dream homes! In fact, the inventory of homes for sale had fallen year-over-year for 36 consecutive months before posting a modest 0.5% gain last month and has had an upward impact on home prices.

NAR’s Chief Economist Lawrence Yun had this to say,

“It’s important to note that despite the modest year-over-year rise in inventory, the current level is far from what’s needed to satisfy demand levels. Furthermore, it remains to be seen if this modest increase will stick, given the fact that the robust economy is bringing more interested buyers into the market, and new home construction is failing to keep up.”

The few houses that are on the market are selling fast! According to NAR’s Realtors Confidence Index, properties were typically on the market for 26 days.

Bottom Line

If you are one of the many homeowners who is debating listing your house for sale this year, the time is now! Meet with a local real estate professional who can guide you through the process and discuss the specifics of your market!

 

 

 

 

Source: https://www.keepingcurrentmatters.com/2018/07/30/the-1-reason-to-put-your-house-on-the-market-today/ 

3 Responses to "The #1 Reason To Put Your House On The Market TODAY!"

You Need An Agent Who Will Always Put You First wrote: [...]Links

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Posted on Tuesday, July 31st, 2018 at 12:05pm.

Buying Is Now 26.3% Cheaper Than Renting In The US wrote: [...]Links

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Posted on Wednesday, August 1st, 2018 at 11:09am.

Are Lending Standards Propping Up Home Prices? wrote: [...]Than Renting In The US
You Need An Agent Who Will Always Put You First
The #1 Reason To Put Your House On The Market TODAY!




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Posted on Thursday, August 2nd, 2018 at 11:30am.

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