The 1 Reason To List Your House Right Now

Dated: 02/14/2020

Views: 163

The #1 Reason to List Your House Right Now | MyKCM

The success of the U.S. residential real estate market, like any other market, is determined by supply and demand. This means we need to look at how many potential purchasers are in the market versus the number of houses that are available to buy. With early 2020 housing data now rolling in, it’s quite evident there are two big stories impacting this year’s residential real estate market:

1. Buyer demand is already extremely strong
2. Housing supply is at a historically low level

Demand

ShowingTime is a firm that compiles data from property showings scheduled across the country. The latest ShowingTime Showing Indexreveals how showings have increased in each of the country’s four regions for five months in a row.

Supply

Move.com also just released informationindicating that the number of homes currently for sale has declined rapidly and now sits at the lowest level in almost a decade. They explained,

“National housing inventory declined 13.6 percent in January, the steepest year-over-year decrease in more than 4 years, pushing the supply of for sale homes in the U.S. to its lowest level since realtor.com began tracking the data in 2012.”

In response to these numbers, Danielle Hale, Chief Economist at realtor.com, said,

“Homebuyers took advantage of low mortgage rates and stable listing prices to drive sales higher at the end of 2019, further depleting the already limited inventory of homes for sale. With fewer homes coming up for sale, we’ve hit another new low of for sale-listings in January.”

The decrease in inventory impacted every price range, too. Here’s a graph showing the data released by move.com:The #1 Reason to List Your House Right Now | MyKCM

Bottom Line

Since there’s a historic shortage of homes for sale, putting your home on the market today could drive an excellent price and give you additional negotiating leverage when selling your house. Let’s get together to determine if listing your house now is your best move.

Blog author image

Rafael Morera

Rafael Morera is a Florida licensed broker and a New Jersey licensed Realtor® and CEO/Team leader of The Morera Group, a division of United Realty Group of Wellington. When it comes to Realtors, not ....

Latest Blog Posts

Why Home Equity Is A Bright Spark In The Housing Market

Given how we have seen more unemployment claims than ever before over the past several weeks, fear is spreading widely. Some good news, however, shows that more than 4 million initial unemployment

Read More

How Pricing Your Home Right Makes A Big Difference

How Pricing Your Home Right Makes a Big DifferenceEven though there’s a big buyer demand for homes in today’s low inventory market, it doesn’t mean you should price your home as high as the

Read More

The 1 Reason To List Your House Right Now

The success of the U.S. residential real estate market, like any other market, is determined by supply and demand. This means we need to look at how many potential purchasers are in the market

Read More

What Is Important To Boomers When Selling Their House

If you are a “baby boomer” (born between 1946 and 1964), you may be thinking about selling your current home. Your children may have finally moved out. Your large, four-bedroom house with three

Read More