 The spring and summer months have always
been known as a very popular time for homebuyers to start the search for
their dream home. This year is no different! We all learned in school that
when selling anything, you will get the most money if the demand for that
item is high and the inventory of that item is low. It is the well-known Theory of Supply & Demand.
If you are thinking of selling your home, here are two graphs that strongly
suggest that the time is now. Here is why…
DEMAND
According to research at the National Association of Realtors
(NAR), buyer activity this year has far outpaced the same months
in 2014. Purchasers who are ready, willing and able to buy are in the market
at great numbers.
 According to NAR, “Foot Traffic has a strong correlation with future contracts and home sales, so it can be viewed as a peek ahead at sales trends two to three months into the future.”
SUPPLY
The most recent Existing Home Sales Report from NAR revealed that the
current supply of housing inventory is at a 5.1 month supply, which remains
below the 6-months necessary for a normal market.
Buyer demand is far
outpacing the supply of homes available for sale.
Bottom Line
Listing your house for sale when demand is
high and supply is low will guarantee the offers made will truly reflect the
true value of your property.
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Looking to Buy, Sell, or Invest? Contact:
David Demangos
858.232.8410
Locally Known, Globally Connected
Luxury Home Marketing Specialist
Global Property Specialist
David@AwesomeSanDiegoRealEstate.com
www.AwesomeSanDiegoRealEstate.com
Our Team Goes to Extremes to Fulfill Your Real Estate Dreams!
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