Every winter, families across the country decide if this will be the year that they sell their current houses and move into their dream homes.
Mortgage rateshovered around 4% for all of 2017 which forced many buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW!
At the same time, however, inventory levels of homes for sale have dropped dramatically as compared to this time last year.
Trulia reportedthat“in Q4 2017, U.S. home inventory decreased by 10.5%. That isthe biggest drop we’ve seen since Q2 2013.”
Here is a chart showing the decrease in inventory levels by category:
The largest drop in inventory was in the starter home category which saw a19% dip in listings.
Demand for your home is very strong right now while your competition (other homes for sale) is at a historically low level. If you are thinking of selling in 2018, now may be the perfect time. Call me now for a free consultation and see what your home is worth. Moe 754-234-0637
Oh by the way, I am never to busy for any of your referrals.
Author:Morrie Finkelstein Phone: 754-234-0637 Dated: February 12th 2018 Views: 59 About Morrie: ...
View our latest blog posts in your RSS reader. Click here to access.
We are a full service real estate brokerage with over 100 agents to serve you. Let us be your real estate resource. Regardless whether you need to buy or sell now, or sometime in the future, let us help you. We are no pressure and will always try and help. Contact us at 561-792-3948 now.
NYC area tax-law refugees fuel Fla. luxury-home boomNEW YORK – Aug.
"Thu, May 19, 2016
Joseph Schneider went above and beyond the capacity of a realtor. He facilitated in making the process of us purchasing our first home less stressful because of his knowledge and experience. Joseph made sure that every aspect of our transaction was handled in a professional and timely manner. Whatever we asked for in our search for the perfect home, he made sure that he did his due diligence. Joseph was referred to us and we would most definitely refer him to anyone who is looking to purchase or sell a home."