Oct 16 2017 18775 1

Dated: 10/16/2017

Views: 128

Thinking of Selling? You Should Do It TODAY!!

Thinking of Selling? You Should Do It TODAY!! | MyKCM

That headline might be a little aggressive; however, as August 2017’s housing market data begins to roll in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME TODAY!

In a recent article by CBS News, they explained that the number of existing home sales is shrinking, and Lawrence Yun, Chief Economist for the National Association of Realtors, said:

“There should be 3 million homes on the market right now…Yet, there are only 1.9 million.”

And this situation will be affected greatly by recent natural disasters. Yun continued by saying:

“Before the hurricanes I would have predicted 1.35 million in new-home construction in 2018…I’ll have to scale that down now.”

NAR, in their August 2017 Realtors® Confidence Index, indicated that:

“Amid sustained job creation and sustained historically low mortgage rates, REALTORS® reported…that buyer demand is stronger compared to conditions one year ago… and that fifty percent of properties were on the market for less than one month when sold.”

The only challenge to today’s market is a severe lack of inventory. A balanced market would have a full six-month supply of homes for sale. Currently, there is only a 4.2-month supply of inventory, which is down from 4.5 months one year ago.

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

Chauntel Enzweiler

Although I want to share a little information on my background and marketing, this is more about you. What will help you sell quickly for maybe even more money than the house (down the street) Having ....

Want to Advertise on this Site?

Latest Blog Posts

Glass Lane Farm

GET MORE INFOMORE LOCAL PROPERTIES FOR SALELand ListingsResidential ListingsDEAL OF THE DAY100 Acres w/ Nearly a Mile Of Road FrontageAt Regional Realty, we are pledged to the letter and the spirit

Read More

Secret List Of Homes

Hello Buyer!Thinking of buying soon? Great! Its a good time to buy. Mortgage rates are low and most of your social events have probably been cancelled because of COVID19 so you have more time to.

Read More

How To Find The Perfect Buyer For Your Home

Hello Seller!Northern KY’s Exclusive “Buyers-In-Waiting Program” Is The Secret To Getting Your Home Sold FAST & For Absolute Top Dollar. There’s a big difference between listing your

Read More

Dahms Road Farm

GET MORE INFOEXPLORE USING GOOGLE EARTHMORE PENDLETON COUNTY PROPERTIES FOR SALELAND ListingsRESIDENTIAL ListingsAt Regional Realty, we are pledged to the letter and the spirit of U.S.

Read More