Todays Ramble From Team Rambala Oct 16 2017

Dated: 10/16/2017

Views: 269

Thinking of Selling? You Should Do It TODAY!!

Thinking of Selling? You Should Do It TODAY!! | MyKCM

That headline might be a little aggressive; however, as August 2017’s housing market data begins to roll in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME TODAY!

In a recent article by CBS News, they explained that the number of existing home sales is shrinking, and Lawrence Yun, Chief Economist for the National Association of Realtors,said:

“There should be 3 million homes on the market right now…Yet, there are only 1.9 million.”

And this situation will be affected greatly by recent natural disasters. Yun continued by saying:

“Before the hurricanes I would have predicted 1.35 million in new-home construction in 2018…I’ll have to scale that down now.”

NAR, in their August 2017 Realtors® Confidence Index, indicated that:

“Amid sustained job creation and sustained historically low mortgage rates, REALTORS® reported…that buyer demand is stronger compared to conditions one year ago… and that fifty percent of properties were on the market for less than one month when sold.”

The only challenge to today’s market is a severe lack of inventory. A balanced market would have a full six-month supply of homes for sale. Currently, there is only a 4.2-month supply of inventory, which is down from 4.5 months one year ago.

Bottom Line

With demand increasing and supply dropping, this may be the perfect time to get the best price for your home. Let’s get together and discuss the inventory levels in your neighborhood to determine your next steps. Call us at 772-226-0878 for more information or download our mobile App here.


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Reviews on Zillow:

"This husband and wife team are fantastic Realtors! Both Paul and Erin were attentive, responsive and professionally efficient. Any questions or ... more "
"Every phone call and every question was answered, if I needed to see the house again and again because we we were not sure about something It wasn't ... more "

"From day one, Erin Rambala and her husband Paul made home buying an enjoyable and stress free experience. They were extremely flexible with our busy ... more " 

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