If you are debating listing your house for sale this
year, here is the #1 reason not to wait!
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:
“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:
Anything less than a six-month supply is considered
a “Seller’s
Market”.
Bottom Line
Meet with a local real estate professional who 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!
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