In school, we all learned the theory of supply and demand. When the demand for an item is greater than the supply of that item, the price will surely rise.
The National Association of Realtors (NAR) recently reported the inventory of homes for sale stands at a 3.8-month supply. This is considerably lower than the 6-month supply necessary for a normal market.
Every month NAR reports on the number of buyers looking for homes. Buyer demand in March was strong or very strong in 45 out of 50 states.
Many buyers are being confronted with a very competitive market in which they must compete with other buyers for their dream homes, if they are even able to find a home they wish to purchase.
Listing your house for sale now will allow you to capitalize on the shortage of homes for sale in the market, which will likely translate into a better pricing situation.
Read full-length article: http://www.simplifyingthemarket.com/en/2017/04/25/3-charts-that-shout-list-your-home-today
If you are debating selling your home this year, let’s meet up to evaluate the equity you have in your home, as well as the opportunities available in your market. Contact Judy and the House Into Home NC team today. Buying | Selling | Staging | Contact
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