Timing is Everything

3 Graphs That Scream List Your House Today! | Simplifying The Market

Why you should LIST your House in the Fall!

 

 

Thinking about waiting till Spring to sell?  Capitalizing on the shortage of homes for sale in the market now, will translate into a better pricing situation than waiting until Spring.

 

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 rise.

 

SUPPLY

The National Association of Realtors (NAR) recently reported that the inventory of homes for sale stands at a 4.8-month supply. (it's more like 3 months in the Portland region)  This is significantly lower than the 6 months inventory necessary for a normal market.  We are currently experienceing a seller's market.

Inventory | 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 this year has significantly surpassed the levels reached in 2014.

Foot Traffic | 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 69% of homeowners actually do!

Equity | 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 get together to evaluate the equity you have in your home and the opportunities available in our market.  Buyers are lining up for homes in Portland.  

Cary Perkins,
Windermere Top Producer
Fun With Real Estate
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by Cary Perkins

Portland Real Estate, Portland Oregon Top Producer, Windermere Top Producer, Portland Realtor, Portland Homes for Sale

 

Windermere Top Producer Cary Perkin

 

 

Posted on September 23, 2015 at 12:25 am
Cary Perkins | Category: Portland Oregon, Portland Oregon Real Estate, Selling Your home | Tagged , , ,

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