3 Charts That Shout List Your Home Today

Dated: 04/25/2017

Views: 131

3 Charts That Shout, ‘List Your Home Today!’ | Simplifying The Market

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.

SUPPLY

The National Association of Realtors (NAR) recently reported that 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.

DEMAND

Every month NAR reports on the number of buyers out in the market looking for homes, which is also known as buyer traffic. As seen on the map below, buyer demand in March was strong or very strong in 45 out of 50 states nationwide, and Washington, DC.

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 translate into a better pricing situation.

HOME EQUITY

Many homeowners underestimate the amount of equity they currently have in their homes. According to a recent Fannie Mae study, 37% of homeowners believe that they have more than 20% equity in their homes. In reality, CoreLogic’s latest Equity Report tells us that 78.9% actually do!

3 Charts That Shout, ‘List Your Home Today!’ | Simplifying The Market

Many homeowners who are undervaluing the equity they have in their homes may feel trapped, which may be contributing to the lack of inventory in the market.

Bottom Line

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.

Latest Blog Posts

Do Not Wait To Sell Your House Buyers Are Out Now

If you have any clients hesitating about selling....check out this article. Recently released data from the National Association of Realtors (NAR) suggests that now is a great

Read More

Why You Should List On Wednesday Or Thursday

Why You Should List in the Middle of the WeekIf you want to sell a home for the most money, list it on a Wednesday. If you want to sell it in the fastest amount of time, list on a Thursday. These

Read More

Stress Free Moving Tips

How often are you dealing with families or clients who are moving or about to move?According to the U.S. Census Bureau, about 40 million Americans—one in nine people—move each year. While

Read More

10 Design Ideas To Revive Your Outdated Listings In 2018

Here is a great article to share with long term home owners who need a gentle prodding for refinementBringing fresh design tips to sellers will only increase the valuable service you offer...Most

Read More