3 Charts That Shout List Your Home Today

Dated: 04/29/2017

Views: 236


3 Charts That Shout, ‘List Your Home Today!’ | MyKCM

In school, we all learned the theory of supply and demand. When the demand for an item is greater than the supply of that item, the price will surely rise.

SUPPLY

The National Association of Realtors (NAR) recently reported that the inventory of homes for sale stands at a 3.8-month supply. This is considerably lower than the 6-month supply necessary for a normal market.

3 Charts That Shout, ‘List Your Home Today!’ | MyKCM

 

DEMAND

Every month NAR reports on the number of buyers out in the market looking for homes, which is also known as buyer traffic. As seen on the map below, buyer demand in March was strong or very strong in 45 out of 50 states nationwide, and Washington, DC.

3 Charts That Shout, ‘List Your Home Today!’ | MyKCM

Many buyers are being confronted with a very competitive market in which they must compete with other buyers for their dream homes (if they are even able to find a home they wish to purchase).

Listing your house for sale now will allow you to capitalize on the shortage of homes for sale in the market, which will translate into a better pricing situation.

HOME EQUITY

Many homeowners underestimate the amount of equity they currently have in their homes. According to a recent Fannie Mae study, 37% of homeowners believe that they have more than 20% equity in their homes. In reality, CoreLogic’s latest Equity Report tells us that 78.9% actually do!

3 Charts That Shout, ‘List Your Home Today!’ | MyKCM

Many homeowners who are undervaluing the equity they have in their homes may feel trapped, which may be contributing to the lack of inventory in the market.

Keeping Current Matters, Inc. © 2016

Want to Advertise on this Site?

Latest Blog Posts

1 In 4 Homes Are Equity Rich How Does Your State Fare

1 in 4 Homes are ‘Equity Rich.’ How Does Your State Fare? August 13, 2018 One in four properties nationwide are “equity rich," according to a new report released by real

Read More

Orlando Rents Spike As More Millennials Consider Home Buying

Orlando renters in large apartment complexes are paying $107 more on average per month than a year ago, according to a national analyst — and that coincides with a rise in millennials buying homes

Read More

5 Overlooked Sources For Seller Leads

5 OVERLOOKED SOURCES FOR SELLER LEADS Want to get more listings?I'm going to talk about 5 overlooked sources for seller leads.SOURCE 1: TAX ROLLSWhere are the sellers? Where do you find them? I

Read More

Dream Of Owning A Home With Lake Access And Private Doc In 2018

AVAILABLE IN OSCEOLA COUNTY ONLY!!!Imagine This...* Homes from 1700 to over 4500 square ft of living space. * Direct access to Alligator Lake* Build your own private Dock on a a canal* 60 Ft

Read More