Thursday, September 6, 2018 / by Lea Ann
The National Association of Realtors (NAR) suggests that now is a great time to sell your home. The concept of supply and demand reveals that the best price for an item is realized when the supply of that item is low and the demand for that item is high. Let’s see how this applies to the current residential real estate market.
It is no secret that the supply of homes for sale has been far below the number needed to sustain a normal market for over a year at this point. A normal market requires six months of housing inventory to meet the demand. The latest report from the NAR revealed that there is currently only a 3.6 month supply of houses on the market. With Supply very low, now is a good time to Sell.
A report that was just released tells us that demand is very strong. The most recent foot traffic report disclosed that foot traffic grew 10.5 points to 52.4 points. Showing that demand is currently high!
Waiting to sell will only increase the competition between you and all of the other sellers putting their houses on the market later. If you are debating whether or not to list your home for sale, let the Southern Real Estate Sales Team discuss your options. You can also view homes and receive a free market review at FORSALEontheGULFCOAST.com
Southern Real Estate Sales – 13587 Perdido Key Drive – Pensacola – FL – 32507
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