The real estate market is shifting. Like many homeowners, you might be considering a move but you’ve been waiting for the right time. Even with the shift, it’s a great time to sell as inventory is still far below the norm meaning buyers are extremely motivated.
Below are statistics indicating it’s a sellers’ market:
– According to the National Association of Realtors, there is currently a 3 month supply of available homes for sale. This is far below the 6 month supply that many real estate experts consider normal. Fewer homes for sale generally indicate a sellers’ market.
– The number of homes for sale is 14.7% higher than the same time one year ago and the average number of days a home is on the market is 52. While there are more homes on the market, the amount of inventory still remains historically low.
– Additionally, the National Associations of Realtors reported that single-family home prices nationwide have fell -0.7%.
I am sharing this information with you because inventory in Shady Oaks is low, and I am hearing from agents and prospective buyers that they just can’t find what they are looking for. If you’ve thought about selling, please give me a call. I’d love to visit with you for a no-obligation and no-pressure consultation.
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