Jan 25 2018 5018 1

Dated: 01/25/2018

Views: 39

If You’re Considering Selling, ACT NOW!!

If You’re Considering Selling, ACT NOW!! | MyKCM

Definitely an aggressive headline. However, as the final data on the 2017 housing market rolls in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME!

How did we finish 2017?

  1. New-home sales were at their highest level in a decade.

  2. Sales of previously owned homes were at their highest level in more than a decade.

  3. Starts of single-family homes were their strongest in a decade and applications to build such properties advanced to the fastest pace since August 2007.

And Bloomberg Business just reported:

“America’s housing market is gearing up for a robust year ahead. Builders are more optimistic, demand is strong and lean inventory is keeping prices elevated.”

And the National Association of Realtors revealed that buyer traffic is stronger this winter than it was during the spring buying season last year.

The only challenge to the market is a severe lack of inventory. A balanced market would have a full six-month supply of homes for sale. Currently, there is less than a four-month supply of inventory. This represents a decrease in supply of 9.7% from the same time last year.

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 to see whether that is the case in your neighborhood.

Blog author image

Jeri Patrick

In today’s complex and difficult real estate market you need a professionals who will do whatever it takes to market and sell your home. Jeri Patrick has a team with an established history of succes....

Want to Advertise on this Site?

Latest Blog Posts

Jun 22 2018 5018 1

4 Reasons to Sell This Summer [INFOGRAPHIC]Some Highlights: Buyer demand continues to outpace the supply of homes for sale which means that buyers are often competing with one another for the few

Read More

Jun 21 2018 5018 1

Homes are More Affordable in 44 out of 50 StatesWith both home prices and mortgage rates increasing this year, many are concerned about a family’s ability to purchase a major part of the American

Read More

Jun 20 2018 5018 1

3 Issues Facing Today’s Real Estate MarketLast week, the National Association of Real Estate Editors (NAREE) held their 52nd Annual Journalism Conference in Las Vegas, NV. Among the

Read More

Jun 19 2018 5018 1

Top 5 Reasons You Shouldn’t FSBOIn today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as&

Read More