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:
The Good Life Team is dedicated to providing you with an exceptional real estate experience from search to signing. Our approach to marketing is unique, innovative and effective and meets the needs of each client. Whether you're looking to sell your home for top-dollar or purchase your future home for the best price, The Good Life Team takes special interest in developing a lifelong partnership with our clients. Our goal is to help you reach your goals and live the good life.
Is it me, or is Fall the most wonderful time of year? The leaves begin
"I hired Ryan Lowry and his team to sell my home. He was very precise in his plan, he had good marketing and was always on call for me when I needed him. He explained everything in detail and we just clicked. At any time that I had a question, I would call in and they were always ready with and answer and if they didn't have an answer they delved into it and found out what was needed to be known. I didn't have too many showings because my house sold so rapidly. Ryan Lowry, I am very proud to say sold my ouse in 3 days- far beyond anything I ever expected. I enjoyed the marketing aspect of the videoing, it showed my property really well- inside and out. Without that, it might have taken quite a while longer to sell my home. If I was selling another home I would definitely use Ryan Lowry and his team and I would recommend them highly. I feel like everything they did was perfect in terms of marketing, showing my home- I believe we only showed it 3 times before it sold. In addition to selling my home, I decided to also I use Ryan to purchase a home. They went above and beyond in helping me to locate a home that I could afford in my area and still be happy!"