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Its A Sellers Market
For the past few years we have seen a substantial recovery from the 2008 housing bubble burst. According to the National Association of Realtors, for the first time in decades there are record numbers of buyers looking to buy homes, creating a competitive and fast faced housing market.
Despite this spike in interested buyers, overall home sales in the United States slipped back by 1.3% in April. This decrease in pending sales was not for the lack of buyers, but lack of inventory.
The graph below represents the demand and supply for homes. The red line is the supply and the blue is the demand. As you can see, there are far more buyers interested in purchasing a home right now than there are homes available.
*Average Home price exected to rise 3.9% in 2017 (Realtor.com)
*Information gathered from Bloomberg, National Association of Realtors and Realtor.com
Homeowners are still hesitant to list their homes, but now is the perfect time. The median list price for a home is 10 percent higher than it was one year ago. That means if your house was worth $100K one year ago, then now it could be worth at least $110K. You just made ten thousand dollars in one year. The stage is set perfectly to list your home at this very moment.
For anyone considering listing their home, it is important to act now. The highest number of home sales occur during the milder spring and summer months. Right now prices are perfect, mortgage rates are appealing and finding your new home is a click away.
Get more information about how the current market affects you and why you should consider selling your home by downloading my latest report from my website: http://hosted.cdpe.com/103530
After reading the report, contact me today to discover how much your home is worth!