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!
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| BE SAVVY...CALL THE SMART REALTOR! |
Diamond Award – High Sales Volume
e-PRO, Strategic Pricing Specialist
Fathom Realty NC,
LLC
Phone: 919.306.9699
Phone: 919.306.9699
Email: Elizabeth@TheSmartRealEstateAgent.com
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