#1 Reason to List your House Right NOW

Dated: 02/12/2020

Views: 30

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 - DRE#00925320

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 for....

Latest Blog Posts

REAL ESTATE EXPERT OPTIONS ABOUT 2ND HALF OF 2020

What Are Experts Saying About the Rest of 2020?One of the biggest questions on everyone’s minds these days is: What’s going to happen to the housing market in the second half of the

Read More

Are Home Prices Going Up or Down in 2020

What Are the Experts Saying About Future Home Prices?A worldwide pandemic and an economic recession have had a tremendous effect on the nation. The uncertainty brought about by both has made

Read More

Are You A Millennial on the Move

Millennials Are on the Move as First-Time Homebuyers [INFOGRAPHIC]Some Highlights:According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time

Read More