1 Reason To List Your House For Sale NOW

Dated: 05/30/2017

Views: 66

Image title

If you are debating listing your house for sale this year, here is the #1 reason not to wait! Buyer Demand Continues to Outpace the Supply of Homes for Sale The National Association of REALTORS’ (NAR) Chief Economist Lawrence Yun recently commented on the inventory: “Last month’s dip in closings was somewhat expected given that there was such a strong sales increase in March at 4.2 percent, and new and existing inventory is not keeping up with the fast pace homes are coming off the market. Demand is easily outstripping supply in most of the country and it’s stymieing many prospective buyers from finding a home to purchase”. The latest Existing Home Sales Report shows that there is currently a 4.2-month supply of homes for sale. This remains lower than the 6-month supply necessary for a normal market, and 4.6% lower than a year ago. The chart below details the year-over-year inventory shortages experienced over the last 12 months:



Anything less than a six-month supply is considered a “seller’s market.”

Bottom Line

Meet with a local real estate professional who can show you the supply conditions in your neighborhood and assist you in gaining access to the buyers who are ready, willing and able to buy now! Start your Connecticut Home Search now: http://bit.ly/2o9Z79q 

Blog author image

Kris Morin

I was born and raised in West Hartford, spent most of my summers on the Connecticut shoreline and Block Island. I had found my love for real estate in 1990 assisting my mother, before launching my car....

Latest Blog Posts

Refi Options for Those With Low Credit Scores

If you want to get a second mortgage so you can make renovations to your home, it can be difficult if you have poor credit.A second mortgage can use a home’s equity as collateral for a second

Read More

3 Indoor Home Chores to Complete This Summer

It may be too hot to sweep out those rain gutters or clean that messy garage. But there’s plenty you can do in the cool of the indoors to keep your home in peak condition.Today’s

Read More

Steps to make your move seamless

Real Estate Relocation Guide: 7 Steps to a Seamless Move  Whatever your reasons are for relocating to a new area, the process can feel overwhelming. Whether you’re moving across

Read More

Pawcatuck Real Estate Market Report August 2018 from Bridget Morrissey

 The Pawcatuck Real Estate Market Report is a monthly statement of the average sales price, the median list price and the median price per square foot for Pawcatuck homes for sale.  

Read More