As the data on the 2017 housing market begins to roll in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME!
The February numbers are not in yet, but the January numbers were sensational. Lawrence Yun, Chief Economist for the National Association of Realtors, said:
“Much of the country saw robust sales activity last month as strong hiring and improved consumer confidence at the end of last year appear to have sparked considerable interest in buying a home. Market challenges remain, but the housing market is off to a prosperous start as homebuyers staved off inventory levels that are far from adequate…”
And CNBC says consumer confidence in the economy is fueling the market:
“U.S. home resales surged to a 10-year high in January as buyers shrugged off higher prices and mortgage rates, a sign of growing confidence in the economy.”
The only challenge to the market is a severe lack of inventory. A balanced market would have a full six-month supply of homes for sale. Currently, there is less than a four-month supply of inventory. This represents a decrease in supply of 7.1% from the same time last year.
Contact us today for a free, no obligation home valuation! 720-432-8670 firstname.lastname@example.org
Author:Kelley Brogan Phone: 720-432-8670 Dated: March 7th 2017 Views: 452 About Kelley: Kelley chose the exciting business of Real Estate knowing that the best part of the job are the rela...
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About Distinct Group - Keller Williams Real Estate
Distinct Group of Keller Williams is comprised of a team of local real estate professionals committed to selling some of the most desired homes throughout the Colorado front range. Selling these "right addresses" is the mission of Distinct Group of Keller Williams Real Estate, LLC. Let us know what you're looking for. Please take advantage of the helpful tools on this website, including property valuation option, but also feel free to contact us personally.
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"Kelly Hunter recently handled a long distance home sale for me. Her knowledge of the area where I was selling was excellent. She was immediately responsive to all the questions that I had, and kept me informed throughout the process (sometimes several times a day). She was able to negotiate a very satisfactory price for the home. I would highly recommend Kelly to anyone selling or buying in the Denver area