We are in a SELLERS Market!!!

We are in a Sellers Market !!!  Stats are coming out today.  They are going to tell us things we have already felt in the market:

 We have a LOT fewer homes on the market – 3.3 months’ supply (5-6 months’ supply is balanced market). We have 2900 existing homes on the market.  Last year we had 3400.  A 13% decrease.  It’s harder to find homes, sellers are getting their asking price, and we can actually bump up price a little from the comps we find over the last year.  We can increase because MOST appraisers will adjust for supply/demand. 

 New homes : 48 sold last month, with 288 on the market.  Last year 250 on the market so this is an INCREASE of 13% more homes available over last year.  Months’ supply is 5.9 months, which is considered a BALANCED market, but I’m guessing you talk to builders and they are still not making money considering the cost to build.

 IF you are considering buying... and  find a home you love – DO NOT hesitate on offers.  Multiple offers are happening, and cleaner offers (no contingency, Conventional financing or cash, move quick) are getting accepted over less favorable conditions.  While this advice sounds like it’s for buyers, the same applies to  sellers. 

 Realty World....Crystie Has the KEY which house would you like to SEE. Call 990-5944 and I will open the DOOR:)