If You Are Thinking Of Selling Your Home Here Is Why It Does Not Get Any Better Than Now

Dated: 03/07/2017

Views: 182

Thinking of Selling? Do it TODAY!!

Thinking of Selling? Do it TODAY!! | MyKCM

That headline might be a little aggressive. However, as the data on the 2017 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 February numbers are not in yet, but the January numbers were sensational. Lawrence Yun, Chief Economist for the National Association of Realtors, said:

“Much of the country saw robust sales activity last month as strong hiring and improved consumer confidence at the end of last year appear to have sparked considerable interest in buying a home. Market challenges remain, but the housing market is off to a prosperous start as homebuyers staved off inventory levels that are far from adequate…”

And CNBC says consumer confidence in the economy is fueling the market:

“U.S. home resales surged to a 10-year high in January as buyers shrugged off higher prices and mortgage rates, a sign of growing confidence in the economy.”

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 four-month supply of inventory. This represents a decrease in supply of 7.1% 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. Let’s get together and discuss the inventory levels in your neighborhood to determine your next steps.

Blog author image

Larry Gilman

I've been involved in the Real Estate business since 1994 and have helped over 1,200 families buy or sell a home, some I've done two and three times. I specialize in creative financing, home marketing....

Want to Advertise on this Site?

Latest Blog Posts

If You Are Thinking Of Selling You Must Act NOW

 If You Are Thinking of Selling? You Must Act NOW!If you thought about selling your house this year, now more than ever may be the time to do it! The inventory of homes for sale is well 

Read More

4 Reasons Why Fall Is A Great Time To Buy A Home

 4 Reasons Why Fall Is A Great Time to Buy A Home!Here are four great reasons to consider buying a home today instead of waiting.1. Prices Will Continue to RiseCoreLogic’s latest 

Read More

3 Myths About Todays Real Estate Market

 Top 3 Myths About Today’s Real Estate MarketThere are many conflicting headlines when it comes to describing today’s real estate market. Some are making comparisons to the market we

Read More

The Cost Of Waiting To Buy A Home

 The Cost of Waiting: Interest Rates Edition Some Highlights: Interest rates are projected to increase steadily heading into 2019. The higher your interest rate, the more money you

Read More