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Three 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.
 
 

DEMAND

Every month, NAR reports on the number 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.
 
 
Many buyers are being confronted with a very competitive market in which they must compete with other buyers for their dream home (if they are even 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!  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, meet with a local real estate professional who can evaluate the equity you have in your home and the opportunities available in your market.

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Malloy Home Team at SERHANT.

In a market where presentation, strategy, and relationships define outcomes, choosing the right team isn’t optional, it’s everything. At the Malloy Home Team at SERHANT., we don’t just list homes. We position them. We don’t just find properties. We secure opportunities others never see.

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By providing your contact information to Malloy Home Team, your personal information will be processed in accordance with Malloy Home Team's Privacy Policy. By checking the box(es) below, you expressly consent to receive marketing or promotional real estate communication from Malloy Home Team in the manner selected by you. For SMS text messages, message frequency varies. Message and data rates may apply. Consent is not a condition of purchase of any goods or services. You may opt out of receiving further communications from Malloy Home Team at any time. To opt out of receiving SMS text messages, reply STOP to unsubscribe. SMS text messaging is subject to our Terms of Use.
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Contact Details

MALLOY HOME TEAM

 

DANIEL MALLOY

(561) 370-5736
[email protected]


DAWN MALLOY

(561) 876-8135
[email protected]

114 N Coastal Way Jupiter, FL 33477