Forget the Price of the Home. The Cost is What Matters. Home buying activity (demand) is up, and the number of available listings (supply) is down. When demand outpaces supply, prices.
THE NUMBER ONE REASON YOU SHOULD SELL NOW
The price of any item (including residential real estate) is determined by ‘supply and demand’. If the supply of an item is larger than the amount of people looking to purchase that item, the price will decrease.
NAR goes a step further to say that there is a direct correlation between “foot traffic” and “pending contracts/closed sales one to two months later”.
Bottom LineThe real estate market has done well to recover from the slow start we experienced due in part to the inclement weather at the beginning of 2014. But with those winter months right around the corner, now may be the best time to get the best price.
If you have been thinking about selling and would like to know what your home is worth. Give me a call for an in home consultation and find out what your home worth.