That headline might be a little aggressive. However, as the data on the 2016 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 May numbers are not in yet, but the April numbers were sensational. Jonathon Smoke, Chief Economist at realtor.com, explained:
“We had a triple crown of April home sales reports, so 2016 is in the pole position to earn best year of home sales in a decade.”
And Freddie Mac also expressed a tremendous optimism regarding home sales for the rest of the summer:
“Home sales typically rise in the spring and summer months, and we anticipate acceleration in home sales that will surpass 2007’s pace by late summer.”
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 five-month supply of inventory. This represents a decrease in supply of 3.6% from the same time last year.
With demand increasing and supply dropping, this may be the perfect time to get the best price for your home. Let’s get together to see whether that is the case in your neighborhood.
Author:Heather F Davidson Phone: 609-209-7581 Dated: June 23rd 2016 Views: 153 About Heather: I'm an agent whose business is built on the promise of exceptional customer service. If you are sel...
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Specialties: Buyer's Agent, Listing Agent, Relocation, Short-Sale
I'm an agent whose business is built on the promise of exceptional customer service. If you are selling your home or searching for that special place to call your own, you deserve to work with someone you trust-someone who you know has your best interests in mind. Whatever your particular Real Estate need, I'll work hard to make sure that you are completely satisfied. I have the knowledge, experience, and dedication that it takes to get results.
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Heather was truly awesome to work with! She was very knowledgeable, explained everything to us as we went along and always answered our questions very quickly whether we called or emailed her. She is super friendly and made the whole process so easy! When my fiancé and I first started looking for a realtor, we had reached out to a few people before Heather was recommended to us. Each realtor I reached out to, I asked them to "reply all" so my fiancé would see the email chain as well. Heather was the only one who actually "replied all" and answered every question that I had right off the bat. I knew from our first communication that she was going to be great to work with, and she really was! I would definitely recommend her to anyone in the Central/South Jersey market."