1 Reason To List Your Home Right Now

Dated: 08/03/2018

Views: 68

#1 Reason to List Your Home Right Now

With the current situation on Hawaii Island-- 700+ homes lost due to lava inundation,  there is a shortage of available homes island wide, both for sale and for rent.  Now is an awesome time to sell.  Nationwide statistics are the same....see the article below.  There just aren't enough homes on the market to meet with current demands.  This is causing prices to rise....If you were thinking about selling...DON'T WAIT!number1reasontolist

If you are debating whether or not to list your house for sale this year, here is the #1 reason not to wait!

Buyer Demand Continues to Outpace the Supply of Homes for Sale
The National Association of Realtors’ (NAR) Chief Economist Lawrence Yun recently commented on the current lack of inventory:

“Inventory coming onto the market during this year’s spring buying season – as evidenced again by last month’s weak reading – was not even close to being enough to satisfy demand.

That is why home prices keep outpacing incomes and listings are going under contract in less than a month – and much faster – in many parts of the country.”

The latest Existing Home Sales Report shows that there is currently a 4.1-month supply of homes for sale. This remains lower than the 6-month supply necessary for a normal market, and 6.1% lower than last year’s inventory level.

The chart below details the year-over-year inventory shortages experienced over the last 12 months:

Anything less than a six-month supply is considered a “seller’s market.”

Bottom Line
Meet with a local real estate professional who can show you the supply conditions in your neighborhood and assist you in gaining access to the buyers who are ready, willing, and able to buy right now!

To view the original article, click here: https://www.keepingcurrentmatters.com/2018/07/09/the-1-reason-to-list-your-house-for-sale-now/


Wtih Warmest Aloha,

Starr Kealaluhi, R, ABR, CRS, Broker-In-Charge

Island Home Realty, Inc. - Hilo ofc.

direct: 808-640-1742

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Starr Kealaluhi

I was born on the island of Oahu, I grew up on the island Maui and I currently reside on the Big Island-- since 1995. Being born and raised on the islands, I am an island girl at heart. I love livin....

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