The Experts Say: List Your Home Today!

 It is a fact - now is the best time to list your home for highest price and shortest selling time.

We all learned in school that when selling anything, you will get the most money if the demand for that item is high and the inventory of that item is low. It is the well-known Theory of Supply & Demand.

If you are thinking of selling your home, here are two graphs that strongly suggest that the time is now. 

DEMAND

According to research at the National Association of Realtors (NAR), buyer activity last month (January, 2015) was three times greater than it was last January. Purchasers who are ready, willing and able to buy are in the market at great numbers.

Homes in our Apex, Cary, Raleigh and Triangle area are now selling in just a little over 2 months!

SUPPLY

The most recent Existing Home Sales Report from NAR revealed that the months’ supply of housing inventory had fallen to 4.4 months which is the lowest it has been in over a year.

A six month supply of homes is considered a balanced market.  This means we are now in a SELLERS market!  Couple this with pent up demand from buyers and historical low mortgage rates, the only question to ask yourself is, "Why am I continuing to wait?"

Get in touch today so we can see if now is the time for you to sell.  I have all the local prices and sales data to help you make the SMART decision!

BE SAVVY...CALL THE SMART REALTOR!

Elizabeth Scott, Realtor®, Broker
Diamond Award – High Sales Volume
e-PRO, Strategic Pricing Specialist

Fathom Realty NC, LLC        
Phone: 919.306.9699

Email:  Elizabeth@TheSmartRealEstateAgent.com

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Home Sales and Prices in our Local Area for January 2015

HOME SALES AND PRICES FOR THE TRIANGLE NC FOR JANUARY, 2015

The buzz is that home mortgage interest rates will stay low throughout most of 2015, but many are now predicting that we are approaching the end of these historic low rates.

It will be a healthy year in residential real estate – not the crazy days of the early 2000’s, but a steady reasonable market -- good for both BUYERS and SELLERS.

JANUARY NEW LISTINGS:

 

We need more homes to sell!  Our population is growing and housing is not keeping up.  Good news for SELLERS!

JANUARY PENDING SALES:

Pending sales numbers are important as they can predict what the short term numbers will be for the next quarter.  This can indicate that the spring market may be a bit slower than last year.  Good news for both BUYERS and SELLERS!

JANUARY CLOSED SALES

There was a bit more activity last year at this time, however this does tend to be a slower time of year in general.  Good news for both BUYERS and SELLERS!

  

DAYS ON MARKET TO SALE

In this case, a decrease in percentage is good for both BUYERS and SELLERS!  Homes are closing in a little over 2 months.

AVERAGE SALE PRICE

Good news for BUYERS! Couple this with low interest rates & you can see why now is an excellent opportunity to make that move.

All real estate is local.  These are the numbers for the general Triangle, NC area and vary from town to town.  Contact me today & I will provide you with numbers in your specific neighborhood and what they mean to you so you can decide if it’s time for you to become a BUYER or SELLER (or both!)