You probably had to read the headline twice. Today? You mean, today. Yes, we mean TODAY. Why the urgency? The 2017 housing market shows that now is the time to sell. January unveiled great numbers which paths the way for a strong housing market for this year.
Lawrence Yun, Chief Economist for the National Association of Realtors, said:
“Much of the country saw robust sales activity last month as strong hiring and improved consumer confidence at the end of last year appear to have sparked considerable interest in buying a home. Market challenges remain, but the housing market is off to a prosperous start as homebuyers staved off inventory levels that are far from adequate…”And CNBC says consumer confidence in the economy is fueling the market:
“U.S. home resales surged to a 10-year high in January as buyers shrugged off higher prices and mortgage rates, a sign of growing confidence in the economy.”
A depleting inventory leaves a challenging market. In order for a balanced market of homes for sale and interested buyers, the inventory would require a full six-month supply of homes. The current situation is that there is less than a four-month inventory which means a 7.1% decrease from last year.
Admit it. These statistics are make you look a little more closely about selling. The increasing demand and low home supply provides the perfect climate for selling your home for the best price. I’m more than happy to help you in this process to see if the market is hot in your neighborhood.