The price of any item (including residential
real estate) is determined by ‘supply and demand’. If the supply of an
item is larger than the amount of people looking to purchase that item, the
price will decrease.
With winter right around
the corner, now may be the best time to get the best price. #KCM2014
According to the National Association of
Realtors (NAR), historically there is a natural decline in
buyers looking to purchase a home (also
known as foot traffic) as the winter months approach. Shown in
the graph below: NAR goes a step further to
say that there is a direct correlation between “foot traffic” and “pending
contracts/closed sales one to two months later”.
Bottom Line
The real estate market has done well to
recover from the slow start we experienced due in part to the inclement
weather at the beginning of 2014. But with those winter months right
around the corner, now may be the best time to get the best price.
Looking to Sell, Buy or Invest in Real Estate?
David Demangos
Global Property Specialist
858.232.8410
David@AwesomeSanDiegoRealEstate.com www.AwesomeSanDiegoRealEstate.com Our Team Goes to Extremes to Fulfill Your Real Estate Dreams! |
Sunday, November 2, 2014
#1 Reason You Should Sell Now
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