The Top Reason To List Your House For Sale Now

Dated: 07/26/2016

Views: 122


The Top Reason to List Your House For Sale Now! | My KCM

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:

Housing Supply Year-Over-Year | My KCM

Anything less that a six months suppy is concidered a seller's market.

Bottom Line

Let's get together and discuss the supply conditions in your neighborhood to be able to assist you in gaining access to the buyers who are ready, willing and able to buy now!

Blog author image

John Faber

John Faber has lived in West Michigan his entire life and with strong family ties in the area, he takes his clients' needs to heart and treats them like family when helping them buy or sell a home. J....

Latest Blog Posts

Existing Home Sales Reach Highest Pace In 11 Years

Some Highlights: Existing home sales are currently at an annual pace of 5.81 million, the highest pace since December 2006. The inventory of existing homes for sale has dropped

Read More

Competing Offers Highest And Best

In our current housing market you may have heard the words “we are accepting highest and best offers.” What exactly does that mean? Well, it could mean A LOT of things. But generally what the

Read More

Full Time VS Part Time

It’s no myth that full-time workers accomplish more than part-time workers, generally speaking. When it comes to real estate, wouldn’t you want someone who is dedicated to giving you their all?

Read More

My Dream Book

The beautiful thing about working so closely with your friends is the relaxed atmosphere, always being pushed to be your best, and knowing everyone has your back. Here at Encompass, we work with a

Read More