If you are debating listing your house for sale this year, here is the #1 reason not to wait!
The National Association of REALTORS’ (NAR) Chief Economist, Lawrence Yun recently commented on the inventory shortage: “While feedback from REALTORS® continues to suggest healthy levels of buyer interest, available listings that are move-in ready and in affordable price ranges remain hard to come by for many would-be buyers.” The latest Existing Home Sales Report shows that there is currently a 5.1-month supply of homes for sale. This remains lower than the 6-month supply necessary for a normal market and well below November 2014 numbers. The chart below details the year-over-year inventory shortages experienced in 2015:
Housing Supply Year-Over-Year - Anything less than a six-month supply is considered a “Seller’s Market”.
Meet with me. I 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 now. My team and I are real estate experts in Montgomery County and the surrounding Metro area. When buying or selling a home, please consider us your resource for all things real estate. If you are refinancing, want a recommendation on a home warranty, need a service or just have a home related question, please give me a call at 301-910-9910301-910-9910 or email me at email@example.com.
Free and Fast, Stay Up to Date with the Real Estate Market in Your Neighborhood.