The price of any item (including residential real estate) is determined by ‘supply and demand.’ If many people are looking to buy an item and the supply of that item is limited, the price of
The 1 Reason To Sell Now Before Spring
Dated: 02/12/2018
Views: 1151
The price of any item (including residential real estate) is determined by ‘supply and demand.’ If many people are looking to buy an item and the supply of that item is limited, the price of that item increases.
According to the National Association of Realtors (NAR), the supply of homes for sale dramatically increases every spring. As an example, here is what happened to housing inventory at the beginning of 2017:
Putting your home on the market now instead of waiting for increased competition in the spring might make a lot of sense.
Bottom Line
Buyers in the market during the winter months are truly motivated purchasers. They want to buy now. With limited inventory currently available in most markets, sellers are in a great position to negotiate.
Jennifer Menting
I am a lifetime resident of the DFW area. I hold a BBA degree in Finance, as well as a Real Estate Broker license. I firmly believe that a solid work ethic combined with efficient processes create suc....
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