Real Estate Is Best LongTerm Investment

Real Estate Is Best LongTerm Investment

The Top Reason to List Your House For Sale Now!

by  on July 26, 2016 in For Sellers, Housing Market Update

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The Top Reason to List Your House For Sale Now! | Keeping Current Matters

If you are debating listing your house for sale this year, here is the #1 reason not to wait! 

Buyer Demand Continues to Outpace the Supply of Homes For Sale

The National Association of REALTORS’ (NAR) Chief Economist, Lawrence Yun recently commented on the inventory shortage:

“With demand holding firm and homes selling even faster than a year ago, the notable increase in closings in recent months took a dent out of what was available for sale.

Realtors are acknowledging, with increasing frequency lately, that buyers continue to be frustrated by the tense competition and lack of affordable homes for sale in their market.”

The latest Existing Home Sales Report shows that there is currently a 4.6-month supply of homes for sale. This remains lower than the 6-month supply necessary for a normal market and 5.8% lower than June 2015.

The chart below details the year-over-year inventory shortages experienced over the last 12 months:

The Top Reason to List Your House For Sale Now! | Keeping Current Matters

Anything less than a six-month supply is considered a “Seller’s Market.”

Bottom Line

Meet with a local real estate professional who can show you the supply conditions in your neighborhood and assist you in gaining access to the buyers who are ready, willing and able to buy now!



Kriste Simmons Headshot
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Phone: 931-561-1103
Dated: July 31st 2016
Views: 82
About Kriste: I am a licensed Real Estate Agent in TN, and KY with Reliant Realty ERA Powered. I have over 18 yea...

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Kriste Simmons & The Simmons Team of Reliant Realty ERA Powered -931-245-8800
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Clarksville, TN
931-378-6383