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Latest NAR Data Shows Now Is A Great Time To Sell
All of us recognize that the most effective time to market anything is when need for that product is high, and also the supply of that thing is limited. 2 significant reports launched by the National Organization of Realtors (NAR) revealed details that recommends that currently is a great time to sell your home.
REALTORS® CONFIDENCE INDEX
Every month, NAR surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions.” This month, the index showed (again) that homebuying demand continued to outpace the supply of homes available in January.
The map below illustrates buyer demand broken down by state (the darker your state, the stronger demand there is).
THE EXISTING HOME SALES REPORT
“Another month of solid price gains underlines this ongoing trend of strong demand and weak supply. The underproduction of single-family homes over the last decade has played a predominant role in the current inventory crisisthat is weighing on affordability.”
“While the good news is that Realtors in most areas are saying buyer traffic is even stronger than the beginning of last year, sales failed to follow course and far lagged last January’s pace. It’s very clear that too many markets right noware becoming less affordable and desperately need more new listings to calm the speedy price growth.”
With my expertise in realty for both buying or selling a home in San Antonio, and surrounding areas. You have found the right resource for your real estate needs. Whether you are looking for a new hom....