Oct 16 2017 18775 1

Dated: October 16 2017

Views: 211

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

That REO Guy

NEED IMMEDIATE ASSISTANCE? Text "HELP" to 859-780-5527Call us today & solve the issue of a hard-to-place or "problem" Asset... 859.620.7653 We Work The Areas That Other Agents Shy

Read More

New Listing Mentor KY

Don't miss this opportunity to own a piece of paradise!  Relax on the covered porch or sit by the pond and enjoy the peace and tranquility this charming, meticulously maintained 3 bedroom

Read More

Sold With Multiple Offers Closed In 7 Days

This beautiful 4 bedroom, 2 bath home has Sold.  Multiple offers and closed in 7 days of being offered for sale and over asking price!  That's amazing turn around.  If you would like

Read More

New Listing Elsmere

Rare 4 bedroom 2 bath bi-level with a possible additional half bath.  Freshly painted, new carpet, newer laminate flooring, most kitchen appliances are newer, as well as  newer rear

Read More