14,767 Houses Sold Yesterday, Did Yours?

There are some homeowners that have been waiting for months to get a price they hoped for when they originally listed their house for sale. The only thing they might want to consider is... If it hasn't sold yet, maybe it's not priced properly. After all, 14,767 houses sold yesterday, 14,767 will sell today and 14,767 will sell tomorrow. 14,767!

That is the average number of homes that sell each and every day in this country, according to the National Association of Realtors’ (NAR) latest Existing Home Sales Report. NAR reported that sales are at an annual rate of 5.39 million. Divide that number by 365 (days in a year) and we can see that, on average, over 14,767 homes sell every day.

The report from NAR also revealed that there is currently only a 4.7-month supply of inventory available for sale, (6-months inventory is considered ‘historically normal’).

This means that there are not enough homes available for sale to satisfy the buyers who are out in the market now in record numbers.
Bottom Line

We realize that you want to get the fair market value for your home. However, if it hasn't sold in today's active real estate market, perhaps you should reconsider your current asking price.

Looking to Buy, Sell, or Invest? Contact:

David Demangos

Cell: 858.232.8410

www.AwesomeSanDiegoRealEstate.com

David@AwesomeSanDiegoRealEstate.com

Our Team Goes to Extremes to Fulfill Your Real Estate Dreams!

Americans Rank Real Estate #1 Long Term Investment

The Gallup organization recently released a survey in which Americans were asked to rank what they considered to be the "best long term investment." Real estate ranked number one, with 35% of those surveyed saying it was a better long term investment than stocks & mutual funds, gold, savings accounts or bonds. Here is the breakdown:   The survey revealed that real estate was the number one choice among each of the following groups: Men Women People between the ages of 18-29 People between the ages of 30-49 People between the ages of 50-64 People 65 and older People with annual earnings of less than $30,000 People with annual earnings between $30,000 and $74,999 People with annual earnings of over $75,000 People with a college degree People without a college degree Even stock investors ranked real estate number one. According to the report: "With housing prices showing a steadier path upward in recent months, even stock investors are about as likely...to choose real estate (37%) as stocks (32%) as the best long-term investment." This Friday, we will be posting an infographic showing additional findings revealed in the report. 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!