Let’s cut to the chase because this is an urgent matter…
The two reasons to list your house now are:
- Buyer Demand is extremely high;
- and, Housing Supply is historically low.
Buyer Demand
The latest ShowingTime Showing Index, explains how over the last five months showings have increased each month in each of the country’s four regions.
Housing Supply
Move.com recently published information stating that the quantity of houses for sale has rapidly declined and is now at the lowest level in almost a decade. They state,
“National housing inventory declined 13.6 percent in January, the steepest year-over-year decrease in more than 4 years, pushing the supply of for sale homes in the U.S. to its lowest level since realtor.com began tracking the data in 2012.”
Danielle Hale, Chief Economist at realtor.com, said of these numbers,
“Homebuyers took advantage of low mortgage rates and stable listing prices to drive sales higher at the end of 2019, further depleting the already limited inventory of homes for sale. With fewer homes coming up for sale, we’ve hit another new low of for sale-listings in January.”
Low inventory is impacting every price range. Here’s a move.com graph showing the data:
Key Point
Since there is a shortage of homes for sale, and the demand is high, listing your house NOW could produce an higher than expected sale price and negotiation leverage. Contact us today for your FREE market analysis!
