***Article taken from PointofRockscampground.com***The Great Prescott Pumpkin PatchOctober 28 @ 11:00 am - 2:00 pmThe Great Prescott Pumpkin Patch –October 28th | Saturday 11-2pm |
The Top Reason To List Your House For Sale Now
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.”
Call me today to discuss the supply conditions in your neighborhood so that I can assist you in gaining access to the buyers who are ready, willing and able to buy now!
The Good Life Team AZ, BloomTree Realty
My husband and I instantly fell in love with the charming town of Prescott when we moved here with our daughter several years ago. There is an endless supply of outdoor activities – hiking, biking, ....