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:
"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 currently 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 below details the year-over-year inventory shortages experienced over the last 12 months: Anything less than a six-month supply is considered a "Seller's Market".
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!
Author:Sherry Cabrera Phone: 214-454-6969 Dated: July 26th 2016 Views: 500 About Sherry: Sherry was raised in Mississippi and moved to Dallas 16 years ago with her daughter. Prior to movin...
"When I first started the home owners process, I contacted Shivonne Carolina to assist me as my real estate agent. The entire process was very smooth and easy going, thanks to Shivonne. Being that I was a first time buyer, there were a volume of questions that I had throughout the process and Shivonne was very knowledgeable, which made me trust her even more as my realtor. There were times that I was confused with paperwork and would call Shivonne all throughout the day and she exemplified nothing but patience and explained everything so I would have a thorough understanding. Shivonne was highly professional and organized at all times, assuring me that she would meet all my needs as a 1st time buyer. Shivonne was very prompt with answering my calls, paperwork that needed to be signed, viewing of homes (flexible with her time), all the way throughout the closing of my home. You can tell the difference between a real estate agent who is there for a check and one who cares for their client. Mrs. Carolina wants the best for the people she is working with. She once told me that she was working for me and would answer any questions on my behalf because that was her job. I knew then that I had a real estate agent who showed expertise and professionalism at its finest. Mrs. Carolina's advice throughout the process was invaluable and I would recommend her to anyone searching for a home, as well as choose her as my realtor again. "