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3 Charts That Scream ‘List Your Home Today’

Tuesday, March 22, 2016   /   by Matthew Freda

3 Charts That Scream ‘List Your Home Today’

3 Charts That Scream ‘List Your Home Today’ | Simplifying The Market

3 Charts That Scream ‘List Your Home Today’






In school we all learned the Theory of Supply and Demand. When the demand for an item is greater than the supply of that item, the price will surely rise.


SUPPLY


The National Association of Realtors (NAR) recently reported that the inventory of homes for sale stands at a 4.4-month supply. This is considerably lower than the 6-month inventory necessary for a normal market.


3 Charts That Scream ‘List Your Home Today’ | Simplifying The Market


DEMAND


Every month NAR reports on the amount of buyers that are actually out in the market looking for homes, or foot traffic. As seen in the graph below, buyer demand in February significantly outpaced the last six months.


3 Charts That Scream ‘List Your Home Today’ | Simplifying The Market


Many buyers are being confronted with a very competitive market in which they must compete with other buyers for their dream home (if they even are able to find a home they wish to purchase).


Listing your house for sale now will allow you to capitalize on the shortage of homes for sale in the market, which will translate into a better pricing situation.


HOME EQUITY


Many homeowners underestimate the amount of equity they currently have in their home. According to a recent Fannie Mae study, 37% of homeowners believe that they have more than 20% equity in their home. In reality, CoreLogic’s latest Equity Report tells us that 72.6% actually do!


3 Charts That Scream ‘List Your Home Today’ | Simplifying The Market


Many homeowners who are undervaluing their home equity may feel trapped in their current home, which may be contributing to the lack of inventory in the market.


Bottom Line


If you are debating selling your home this year, let's meet up to evaluate the equity you have in your home, as well as the opportunities available in your market.






Matthew

Freda



Freda Realty, Inc.

Longwood, FL

(407) 513-4724

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eXp Realty, LLC
Matthew Freda
651 W Warren Ave
Longwood, FL
407-513-4724

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