2 charts that show it’s a great time to list your home

Lawrence Yun, NAR chief economist says “A growing share of homeowners in NAR’s first quarter HOME survey said now is a good time to sell, until an increase in listings actually occurs, home prices will continue to move hastily.” This market is considerably lower than the 6-month supply necessary for a normal market.

The National Association of Realtors (NAR) also reported buyer demand is strongly on the rise in 45 out of 50 states nation wide.

NAR President William E. Brown, a Realtor® from Alamo, California, says being fully prepared is the right strategy for prospective buyers this year. “Seek a preapproval from a lender, know what your budget is and begin discussions with a Realtor® early on about your housing wants and needs,” he said. “Homes in many areas are selling faster than they were last year. A buyer’s idea of a dream home in a popular neighborhood is probably the same as many others. That’s why they’ll likely have to decide quickly if they see something they like and can afford.”

 

Wrapping up, if your on the fence about selling this year, meet with your local realtor who can evaluate the equity in your current home and the market condition to see if it is the right time for you.