If you are thinking of listing your house for sale this year, here is the #1 reason to do it!
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 inventory shortage:
"With demand holding firm and homes selling even faster than a year ago, the notable increase in closings in recent months took a dent out of what was available for sale. Realtors are acknowledging, with increasing frequency lately, that buyers continue to be frustrated by the tense competition and lack of affordable homes for sale in their market."
The latest Existing Home Sales Report shows that there is a 4.6-month supply of homes for sale. This remains lower than the 6-month supply necessary for a normal market and 5.8% lower than June 2015. The chart above shows the year-over-year inventory shortages experienced over the last 12 months.
Meet with me so I can 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!