Current Housing Supply and Demand

Housing Demand

According to research at the National Association of Realtors (NAR), buyer activity in January was three times greater than it was the prior year. Home buyers who are ready, willing and able are in the market at surprising numbers.

Housing Supply

The most recent Existing Home Sales Report from NAR revealed that the months’ supply of housing inventory had fallen to 4.4 months which is the lowest it has been in over a year!

So what does this mean? Listing your house for sale when demand is high and supply is low will guarantee the offers made will truly reflect the true value of your property. List your home today!