#1 Reason to List your House Right NOW

Dated: February 12 2020

Views: 44

The #1 Reason to List Your House Right Now

The #1 Reason to List Your House Right Now | MyKCM

The success of the U.S. residential real estate market, like any other market, is determined by supply and demand. This means we need to look at how many potential purchasers are in the market versus the number of houses that are available to buy. With early 2020 housing data now rolling in, it’s quite evident there are two big stories impacting this year’s residential real estate market:

1. Buyer demand is already extremely strong
2. Housing supply is at a historically low level

Demand

ShowingTime is a firm that compiles data from property showings scheduled across the country. The latest ShowingTime Showing Index reveals how showings have increased in each of the country’s four regions for five months in a row.

Supply

Move.com also just released information indicating that the number of homes currently for sale has declined rapidly and now sits at the lowest level in almost a decade. They explained,

“National housing inventory declined 13.6 percent in January, the steepest year-over-year decrease in more than 4 years, pushing the supply of for sale homes in the U.S. to its lowest level since realtor.com began tracking the data in 2012.”

In response to these numbers, Danielle Hale, Chief Economist at realtor.com, said,

"Homebuyers took advantage of low mortgage rates and stable listing prices to drive sales higher at the end of 2019, further depleting the already limited inventory of homes for sale. With fewer homes coming up for sale, we've hit another new low of for sale-listings in January."

The decrease in inventory impacted every price range, too. Here’s a graph showing the data released by move.com:The #1 Reason to List Your House Right Now | MyKCM

Bottom Line

Since there’s a historic shortage of homes for sale, putting your home on the market today could drive an excellent price and give you additional negotiating leverage when selling your house. Let’s get together to determine if listing your house now is your best move.

check your home value here:   http://www.ocvalues.com

Blog author image

Arna Freedman

Looking for a Pro? Someone who will listen, negotiate and get the home you are looking for with the least amount of stress? I have been successfully working for buyers and sellers in Orange County fo....

Latest Blog Posts

Home sales continue to amaze, and there are plenty of buyers in the pipeline ready to enter the market.

Real Estate Continues to Show Unprecedented Strength This YearThe 2020 housing market has surpassed all expectations and continues to drive the nation’s economic recovery. The question is,

Read More

How to Avoid Foreclosure is Short Sale Your Option?

You Need a Short Sale Certified Agent to Help You Through This ProcessEarlier this year when the nation pressed pause on the economy and unemployment rates jumped up significantly, many homeowners

Read More

Hurry To List Your Home See the #1 Reason

The #1 Reason Not to Wait to List Your House for SaleMany industries have been devastated by the economic shutdown caused by the COVID-19 virus. Real estate is not one of them.Mark,&

Read More