Homesale Numbers Support Selling Now

Homesale Numbers Support Selling Now

Baby says Now

If you are considering listing your home for sale in 2016, now is the time! Inventory levels are at their lowest mark in over 10 years. Listing your home for sale now will give you exposure and allow you to get the best price.

Sales of existing homes rose by the largest increase ever – rebounding 14.7% over November’s numbers and now standing at 7.7% higher than a year ago, according to a recent National Association of Realtors (NAR) report.

Although it's true that December's numbers reflect some carry-over from November, the fact remains that inventory of existing homes for sale dropped dramatically from a 5.1-month supply in November to the lowest figure since January 2005, at a 3.9-month supply.

In a normal market there is a 6-7-month supply of homes for sale.

What this means now: Buyer demand remains strong and competition for the homes that are on the market continues to rise.

So contact Skyrise Real Estate Group today so that we can help you take advantage of this market opportunity.