Winning Strategies in Real Estate: Thinking of Selling? Do it TODAY!!

Thinking of Selling? Do it TODAY!!

do it today

That headline might be a little aggressive. However, as the data on the 2017 housing market begins to roll in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME!

The February numbers are not in yet, but the January numbers were sensational. 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.”

The only challenge to the market is a severe lack of inventory. A balanced market would have a full six-month supply of homes for sale. Currently, there is less than a four-month supply of inventory. This represents a decrease in supply of 7.1% from the same time last year.

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.  Just give me a call at 330-352-9513 or email me at tony@tonymorganti.com 

 

Tony Morganti, CRS, ABR

330-352-9513

Comment balloon 2 commentsTony Morganti • March 08 2017 04:16PM

Comments

Good points Tony Morganti about being the right time to sell a home. Also may be the right time to buy a home with mortgage rates and prices expected to rise in 2017.

Posted by Jeffrey Masich- Arizona Associate Broker,MBA &GRI, Arizona Homes and Land Group/ Buy or Sell (HomeSmart Real Estate) about 1 year ago

Jeffrey Masich thank you for your comments.  Good selling to you.

Posted by Tony Morganti, CRS, ABR - Cuyahoga Falls, Stow (RE/MAX Crossroads in Cuyahoga Falls and Stow, Ohio) about 1 year ago

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