The price of any item (including residential real estate) is determined by ‘supply and demand’. If many people are looking to buy an item and the supply of that item is limited, the price of that item increases.
According to the National Association of Realtors (NAR), the supply of homes for sale dramatically increases every spring. As an example, here is what happened to housing inventory at the beginning of 2016:
Putting your home on the market now instead of waiting for increased competition in the spring might make a lot of sense.
Buyers in the market during the winter months are truly motivated purchasers. They want to buy now. With limited inventory currently available in most markets, sellers are in a great position to negotiate.
Trust eXp Realty and our team of real estate agents to help you find homes for sale or to sell your current home. We recognize the level of service that the mobile consumer demands. You have information. You have dreams. We possess experience, integrity, and innovation. Together we create leverage to make your dreams a reality.
The Waterford Real Estate Market Report is a monthly statem
"We saw a house we were interested in and I clicked on "have agent contact you". It wasn't even 30 seconds later and my phone rang!! Kris Morin is friendly, honest and very easy to work with! I can't express how happy we are with our purchase and how quick and easy the process was! Kris is extremely responsive - whether it's an email, phone message, or text! We enjoyed working with her very much and plan on keeping in touch for future endeavors!!"