Thinking of Selling Your Home?

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As your real estate resource center, we’re committed to keeping you up to date on changes in the market—and what they mean to you. I’m constantly talking to real estate agents, asking them questions to try to take the pulse of what they’re hearing from their buyers. In the past week, I’m hearing repeatedly and with a sense of frustration that there’s no inventory—nothing to show buyers, but what they’re really saying is there are no quality listings priced correctly to show the buyers. In this blog I’ll tell you how this perception can help you.

There are lots of homes on the market.  In fact, the MLS statistics show that single-family homes are at a 12-month supply, which means that if a house is put on the market it would take on average 12 months to sell.  Only 300 out of the 3,800 in inventory are selling a month. On the condo side, only 250 out of 3,200 are selling a month, which amounts to a 12.5 month supply. As you can see, the inventory is there.  We’re noticing, however, a gap between what’s out there and good solid inventory in good condition that’s priced correctly.  

What does this mean to you?  If you’re thinking of selling, we’re at the beginning of the selling market.  The perception of the agents is that there’s no inventory, which is creating a little buzz of “We need to buy!”   There is inventory, but quality homes that are priced correctly have diminished. Distressed property is also down at 8%.  If you’re thinking about selling, don’t wait any longer.

Give me a call so I can tell you where to be positioned and how to be successful in this market. Please contact me at (843) 251-2693. We’d be happy to assist you.