Gaithersburg MD | #1 Reason to List Your House for Sale, NOW!
Gaithersburg MD Local Market Tidbits:
Today I decided to bring you some news about the things that matters the most to our local real estate market
As you are aware, the real estate market is like the weather. The economic conditions within the area are the most influential on home prices and its stability
Sometimes even within neighboring counties, our local real estate market could be completely different.
Yes, you may see disparities between Montgomery and Frederick counties even though they are just a few miles apart.
Today I want to talk to you about #1 Reason to List Your House for Sale, NOW!
If you are debating listing your house for sale this year, here is the #1 reason not to wait!
Buyer Demand Continues to Outpace the Supply of Homes for Sale
The National Association of REALTORS’ (NAR) Chief Economist Lawrence Yun recently commented on the inventory:
“Last month’s dip in closings was somewhat expected given that there was such a strong sales increase in March at 4.2 percent, and new and existing inventory is not keeping up with the fast pace homes are coming off the market.
Demand is easily outstripping supply in most of the country and it’s stymieing many prospective buyers from finding a home to purchase”.
The latest Existing Home Sales Report shows that there is currently a 4.2-month supply of homes for sale. This remains lower than the 6-month supply necessary for a normal market, and 4.6% lower than a year ago.
The chart below details the year-over-year inventory shortages experienced over the last 12 months:
Anything less than a six-month supply is considered a “seller’s market.”
Let’s get together and discuss the supply conditions in your neighborhood to be able to assist you in gaining access to the buyers who are ready, willing and able to buy now!
We are interested in creating repeat business with all our clients.
We understand that we can only do that by bringing you the latest news and information that could affect your financial world when it comes to real estate.
We take pride in assuming that role for you
To reach us, please call 301-246-0001
or send us an email info@ReallyNiceHomes.com
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Thinking of selling your home? Let Fernando take over the marketing of your property with our unique 99 STEPS system
www.99SOLD.com - Call or text 240-426-5754 for more information.