Thinking selling? - 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!
“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, "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.”
- Buyer demand continues to outpace the supply of homes for sale! Buyers are often competing with one another for the listings that are available!
- Housing inventory is still under the 6-month supply that is needed for a normal housing market.
- Perhaps the time has come for you and your family to move on and start living the life you desire.