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Thinking of Selling? You Should Do It TODAY!!

Monday, October 16, 2017   /   by Linda Dale

Thinking of Selling? You Should Do It TODAY!!


Thinking of Selling? You Should Do It TODAY!!




Thinking of Selling? You Should Do It TODAY!! | MyKCM



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!


In a recent article by CBS News, they explained that the number of existing home sales is shrinking, and Lawrence Yun, Chief Economist for the National Association of Realtors,said:



“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…that 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.”



The only challenge to today’s market is a severe lack of inventory. A balanced market would have a full six-month supply of homes for sale. Currently, there is only a 4.2-month supply of inventory, which is down from 4.5 months one year ago.


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 and discuss the inventory levels in your neighborhood to determine your next steps.


REMAX Action Realty
Linda Dale
1126 Horsham Road
Maple Glen, PA 19002
215-646-3954
215-327-9759

Copyright2019 TREND, All Rights Reserved

“The data relating to real estate for sale on this website appears in part through the TREND Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Platinum Realty Team participates, and is provided by TREND through a licensing agreement.”

“The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.”

Data last updated:March 24, 2019 “Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale.” “Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.” Data Last Updated: March 24, 2019

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which REMAX Action Realty participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. © 2019 BRIGHT, All Rights Reserved Information Deemed Reliable But Not Guaranteed. Data last updated: March 24, 2019 2 PM.
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