Don’t Take Your House Off the Market
The latest Existing Home Sales Report from The National Association of Realtors (NAR), revealed inventory of homes for sale has dropped to a 4.3-month supply. There are more buyers who are ready, willing, and able to buy now than there have been in years! The supply of homes for sale is not keeping up with the demand of these buyers. Buyers have not stopped looking during the holidays – they want to buy!
Historically, a 6-month supply is necessary for a ‘normal’ market, explained below:
Real Estate Bottom Line
Home prices are appreciating in this sellers’ market. Making your home available over the next few weeks will give you the most exposure to buyers who will be competing against each other to buy it.
If you are thinking of listing your home for sale let’s discuss your situation – getting it on the market asap could be a great financial decision.