Monday, July 16, 2018

#1 Reason to List Your House NOW!

The #1 Reason to List Your House for Sale NOW!

The #1 Reason to List Your House for Sale NOW! | MyKCM
If you are debating whether or not to list 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 current lack of inventory:
“Inventory coming onto the market during this year’s spring buying season – as evidenced again by last month’s weak reading – was not even close to being enough to satisfy demand. 
That is why home prices keep outpacing incomes and listings are going under contract in less than a month – and much faster – in many parts of the country.”
The latest Existing Home Sales Report shows that there is currently a 4.1-month supply of homes for sale. This remains lower than the 6-month supply necessary for a normal market, and 6.1% lower than last year’s inventory level.
The chart below details the year-over-year inventory shortages experienced over the last 12 months:
The #1 Reason to List Your House for Sale NOW! | MyKCM
Anything less than a six-month supply is considered a “seller’s market.”

Bottom Line

Let’s get together to discuss the supply conditions in our neighborhood so that we can assist you in gaining access to the buyers who are ready, willing, and able to buy right now!

Dan Basil - CRS, GRI, CAAS, ERC approved
MN LIC# 20153005
"Experience you deserve!"
Realtor Relocation Specialist
The Basil Group
Coldwell Banker Burnet
MN Broker LIC# 146677
4100 Berkshire Lane N.
Plymouth, MN 55446
Direct (612) 280-5046
Office (763) 550-3888
Fax (360) 530-3888
" We appreciate your referrals! "
The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Keeping Current Matters, Inc. does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Keeping Current Matters, Inc. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.


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