Why You Should List Your Home for Sale Now!

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Why You Should List Your Home for Sale Now!

Are you waiting for the right opportunity to list your home for sale? Here is the number one reason why you should do it now!

High Demand of Buyers Still Outpaces Supply of Home for Sale
Lawrence Yun, the National Association of Realtors’ (NAR) Chief Economist expresses his thoughts on the shortage of inventory:

“With demand holding firm and homes selling even faster than a year ago, the notable increase in closings in recent months took a dent out of what was available for sale.

Realtors are acknowledging, with increasing frequency lately, that buyers continue to be frustrated by the tense competition and lack of affordable home for sale in their market.”

In an Existing Home Sales Report it was found that there is only a 4.6-month supply of home for sale, which is much lower than the 6-month supply that is required. The current number is 5.8% lower than it was a year ago in June 2015.

The graph below depicts the year-over-year inventory shortages that have occurred in the last year:

Why You Should List your Home for Sale Now!

The current market is referred to as a “Seller’s Market”, which occurs when inventory is lower than the average 6-month supply.

Bottom Line

With mortgage rates still low and demand extremely high, now is the perfect time to put your house on the market.

If you’re considering Uptown Charlotte, NC as your next stop to buy or invest make sure to check out this article: Top Places for Real Estate Market Investments in the U.S.

At Showcase Realty we’d love to be a part of your home selling/buying process in the Uptown Charlotte, NC area. Want to talk about the possibilities? Give us a call at 704.997.3794 or send us a message here!

Your Home is guaranteed to sell within 120 days or I will pay you $2,500. *some conditions apply*

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