Thinking of Selling? You Should Do It TODAY!!

Thinking of Selling? You Should Do It TODAY!! | MyKCM

That headline might be a little aggressive; however, as August 2017’s housing market data begins to roll in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME TODAY!

In a recent article by CBS News, they explained that the number of existing home sales is shrinking, and Lawrence Yun, Chief Economist for the National Association of Realtors, said:

“There should be 3 million homes on the market right now…Yet, there are only 1.9 million.”

And this situation will be affected greatly by recent natural disasters. Yun continued by saying:

“Before the hurricanes I would have predicted 1.35 million in new-home construction in 2018…I’ll have to scale that down now.”

NAR, in their August 2017 Realtors® Confidence Index , indicated that:

“Amid sustained job creation and sustained historically low mortgage rates, REALTORS® reported…that buyer demand is stronger compared to conditions one year ago… and that fifty percent of properties were on the market for less than one month when sold.”

The only challenge to today’s market is a severe lack of inventory. A balanced market would have a full six-month supply of homes for sale. Currently, there is only a 4.2-month supply of inventory, which is down from 4.5 months one year ago.

Bottom Line

With demand increasing and supply dropping, this may be the perfect time to get the best price for your home. Let’s get together and discuss the inventory levels in your neighborhood to determine your next steps.

Contact the Gold Country Modern Team, your Amador County real estate connection, for assistance buying or selling a home in the Gold Country.

Post a Comment

From Our Blog

Posts By Category

All Categories Amador County (18) Buying A Home (320) Custom Log Homes (1) Landscape/Curbside Appeal (1) Selling Your Home (94)

Posts By Month

Grab Our RSS Feed
Current Homes for Sale
Upcountry
City # Price Range
Pine Grove 20 $315k - $1.2m
Pioneer 57 $220k - $2.1m
Volcano 14 $317k - $1.1m
Down Country
City # Price Range
Amador City 4 $425k - $785k
Drytown 3 $480k - $2.1m
Fiddletown 12 $200k - $1.8m
Ione 29 $380k - $5.7m
Jackson 30 $260k - $1.2m
Plymouth 14 $450k - $4.5m
River Pines 4 $247k - $349k
Sutter Creek 22 $375k - $2.1m
New Listing

Email Alerts

Subscribe Today!
Have

Questions?

Contact Us Now!