Inventory is Low – Buyer Demand is High.
List Your House for Sale in 2017
As we are about to celebrate the New Year, families across the country will be deciding if this is the year to sell their current house and move into their dream home. Many will decide it is smarter to wait until the spring ‘buyer’s market’ to list their house. Think again!
The recent jump in mortgage rates has forced buyers off the fence and into the market, resulting in strong demand RIGHT NOW!! At the same time, inventory levels of homes for sale have dropped dramatically as compared to this time last year.
Here is a chart showing the decrease in inventory levels by home type:
Real Estate Bottom Line
Demand for your home is very strong right now while your competition (other homes for sale) is at a historically low level. If you are thinking of selling in 2017, now may be a great time. Let’s talk to discuss your goals in selling your home.