Neighbor News
Why Now May Be the Best Time to Sell Your Home
Homes are going under contract at their fastest pace in nine years, and there is not enough inventory!!
According to the latest data and OCLuxuryProperty.com (Amir Vahdat), homes are going under contract at their
fastest pace in nine years, and there is not enough inventory on the market to fill the needs of buyers. Combining these two factors, you get a supply and demand relationship that could be extremely favorable for home sellers. However, the problem is that it might not last much longer.
The data looks great, and some experts think it’ll continue According to the latest data from the National Association of Realtors, pending home sales rose by 3.4% in April to their highest level since 2006. On an annual basis, the gain was an even more impressive 14%.
What makes these numbers even more remarkable is that this rise in activity is taking place at a time when prices are rising at a rapid pace and the inventory of homes for sale is low. According to the report, the median sales price of an existing home in April was $219,400, a year-over-year gain of 8.9%.
Gold Coast & South Orange County home values are rising! Great news if you’re planning to sell. Check your home worth/value for free!http://www.ocluxuryproperty.com/home-evaluation.html
Laguna Beach Luxury Home #Luxuryhomes #Coastalhomes
