The answers we hear are ALWAYS "we were thinking about it", but now is not the time to sit and wonder whether or not it's time to sell that house and get something fresh and new (to you at least).  Data on the 2017 housing market is already beginning to pop up, and the one thing we conclude after looking at it is:  If you are considering selling, IT IS TIME TO LIST YOUR HOME!

 

Lawrence Yun, Chief Economist for the National Association of Realtors, said:

"Much of the country saw robust sales activity last month as strong hiring and improved consumer confidence at the end of last year appear to have sparked considerable interest in buying a home. Market challenges remain, but the housing market is off to a propserous start as homebuyers staved off inventory levels that are far from adequate...."


CNBC also states that it is consumer's confidence in the economy that is key in fueling the market activity:

“U.S. home resales surged to a 10-year high in January as buyers shrugged off higher prices and mortgage rates, a sign of growing confidence in the economy.”


The biggest challenges we are now facing is not "will my home SELL" but "will I find a home to BUY?"

A balanced market would have a full six-month supply of homes for sale. Currently, there is less than a four-month supply of inventory. This represents a decrease in supply of 7.1% from the same time last year.

THE BOTTOM LINE?

With demand increasing and supply dropping, this may be the perfect time to get the best price for your home. Contact Camelot Properties today to speak with your local Real Estate professional to see whether that is the case in your neighborhood!