Hurry Up And List Your House Today To Get Top Dollar

Hurry Up And List Your House Today To Get Top Dollar

That headline might be a little aggressive. However, as the data on the 2016 housing market begins to roll in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME! The May numbers are not in yet, but the April numbers were sensational. Jonathon Smoke, Chief Economist at realtor.com, explained:


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"We had a triple crown of April home sales reports, so 2016 is in the pole position to earn best year of home sales in a decade."


And Freddie Mac also expressed a tremendous optimism regarding home sales for the rest of the summer:


"Home sales typically rise in the spring and summer months, and we anticipate acceleration in home sales that will surpass 2007's pace by late summer."


The only challenge to the market is a severe lack of inventory. A balanced market would have a full six-month supply of homes for sale. Currently, there is less than a five-month supply of inventory. This represents a decrease in supply of 3.6% from the same time last year.


Bottom Line

With demand increasing and supply dropping, this may be the perfect time to get the best price for your home. Contact a local real estate professional today to see whether that is the case in your neighborhood.


Want to know how much your home is worth?  Give me a call at 214-454-6969 for a free consultation.


Deborah Boyd Headshot
Author:
Phone: 940-368-1306
Dated: June 23rd 2016
Views: 1,225
About Deborah: My family has lived in North Texas for generations so I personally know the residential areas of Fri...

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