Is this a good time to sell our home? This is a question we get quite often. Local data have indicated a Sellers Market since January 2012.
I just received the results of survey conducted by the National Association of REALTORS® (NAR) that shows that the trend is actually nationwide.
According to the NAR report, “Demand continued to expand faster than supply. The Buyer Traffic Index rose to 56 from 36 in the same period last year, while the Seller Traffic Index barely moved, ending at 38 from 37 last year. REALTORS® reported numerous cases of multibidding resulting in “properties selling above the list/asking price” or “distressed sales selling close to market price.”
In our local market, 2012 was a great year for sellers. Home sales outpaced home listings by almost 10 to 1 and we don’t see that letting up in 2013. We have many sellers waiting for the “spring sales season” to list their homes.
If you want to get your home sold, get on the market as early as possible to take advantage of the lack of inventory!
Click here for more information on selling your North Texas home.
Click here to request a Market Analysis of your North Texas home.
Contact us at 214-227-6626 if you have any questions.
Graph: Copyright 2013 National Association of REALTORs® | Base Photo: Licensed from Buffini and Company
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