The Takeaway:
- Supply & Demand is quite a simple concept. . An optimal time to sell is when the supply of a product is low & the demand for that product is high!
- Generally, a “Stable/Neutral Market” lands somewhere between 6 – 7 months of home inventory. Anything above that mark can be considered a “Buyer’s Market” and anything below can be considered a “Sellers’ Market”. We are definitely in the latter.
- We have not seen 6 months of home inventory supply since August 2012!
- Buyer Demand is high and continues to outpace Seller Inventory!
- Now is a great time to Sell!!
If you have been debating whether or not to list your house for sale, call or text me at 727.755.3434. I would be glad to chat with you about creating a personalized “make-ready for market list”, so that you can capitalize on the current Buyer Demand in today’s market.
** Please note that data and statistics quoted above are national. Always consult a competent real estate practitioner familiar with your local market **