FamilyFirstRealtyBlog

Days On The Market Drops To New Low In April By: KCM Keeping Current Matters 6/11/18 According to recently released  data  from the  National Association of Realtors  (NAR), the median number of days that a home spent on the market hit a new low of 26 days in April, as 57% of homes were on the market for under a month. NAR’s  Chief Economist,  Lawrence Yun, had this to say, “What is available for sale is going under contract at a rapid pace. Since NAR began tracking this data in May 2011, the median days a listing was on the market was at an all-time low in April, and the share of homes sold in less than a month was at an all-time high.” Strong buyer demand, a good economy, and a low inventory of new and existing homes for sale created the perfect storm to accelerate the time between listing and signing a contract. The chart below shows the median days on the market from April 2017 to April 2018: Bottom Line If you are a hom...

5 Reasons Why To Sell This Summer! By: KCM Keeping Current Matters  5/29/2018    Here are five reasons listing your home for sale this summer makes sense. 1. Demand Is Strong The latest  Buyer Traffic Report   from the  National Association of Realtors  (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase…and are in the market right now! More often than not, multiple buyers are  competing  with each other to buy the same home. Take advantage of the buyer activity currently in the market. 2. There Is Less Competition Now Housing  inventory  has declined year-over-year for the last 35 months and is still under the 6-month supply needed for a normal housing market. This means that, in the majority of the country, there are  not enough  homes for sale to satisfy the number of buyers in the market. This is good n...