The Number 1 Reason To Put Your House On The Market TODAY

Dated: 07/30/2018

Views: 134

Image title



The National Association of Realtors (NAR) released the results of their latest Existing Home Sales Report which revealed that home sales declined 0.6% to a seasonally adjusted annual rate of 5.38 million in June from 5.41 million in May, and are 2.2% below a year ago. Some may look at these numbers and think that now is a bad time to sell their house, but in fact, the opposite is true.

The national slowdown in sales is directly tied to a lack of inventory available for the buyers who are out in the market looking for their dream homes! In fact, the inventory of homes for sale had fallen year-over-year for 36 consecutive months before posting a modest 0.5% gain last month and has had an upward impact on home prices.

NAR’s Chief Economist Lawrence Yun had this to say,

“It’s important to note that despite the modest year-over-year rise in inventory, the current level is far from what’s needed to satisfy demand levels. Furthermore, it remains to be seen if this modest increase will stick, given the fact that the robust economy is bringing more interested buyers into the market, and new home construction is failing to keep up.”

The few houses that are on the market are selling fast! According to NAR’s Realtors Confidence Index, properties were typically on the market for 26 days.

Bottom Line

If you are one of the many homeowners who is debating listing your house for sale this year, the time is now! Let’s get together to discuss the specifics of our market!

Blog author image

Tim McLaughlin

Buying or selling your home is one of the most exciting times of your life! It can also be scary, confusing and stressful. I’ll work hard to make that process as painless as possible for you. I spen....

Latest Blog Posts

The Difference Having A Professional On Your Side Makes

The Difference Having a Professional on Your Side MakesIn today’s fast-paced world, where answers are a Google search away, there are some who may wonder what the benefits of hiring a

Read More

Selling Your Home Make Sure The Price Is Right

Selling Your Home? Make Sure the Price is Right!If you’ve ever watched “The Price is Right,” you know that the only way to win is to be the one to correctly guess the price of the

Read More

If You Are Buying A Home This Year Here Is Your First Step

In many markets across the country, the number of buyers searching for their dream homes outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers

Read More

The Best Time To List Your House TODAY

The Best Time to List Your House? TODAY!You may have heard that the housing market is softening. There is no doubt that buyer traffic has decreased. There are fewer purchasers in the market than

Read More