Thursday, December 15, 2016

While past activity is not a guarantee of future action, it can provide some insight into what lies ahead. Thinking of selling in the spring? The graph is a pretty convincing reason to list sooner than later...



The #1 Reason to Sell Now… Not Next Spring


The #1 Reason to Sell Now… Not Next Spring | MyKCM
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:
The #1 Reason to Sell Now… Not Next Spring | MyKCM
Putting your home on the market now instead of waiting for increased competition in the spring might make a lot of sense.

Bottom Line

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.

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