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Matt Pivec with The W Home Group of Next Step Realty

Baltimore Real Estate

Is It a Good Time to Sell Your House?

February 1, 2017 by Heather

How Much is Your Home Worth?

Find out what your home is worth by using our free, instant home valuation tool! 

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Sell Your House Now While Supply is Low!

Have you been thinking about putting your home on the market, but not sure about when it would be a good time to sell your house? Keep reading! This article will enlighten you on why it is the perfect time to sell your house!

 

The price of any item is determined by the supply of that item, as well as the market demand. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index. Their latest edition sheds some light on the relationship between Seller Traffic (supply) and Buyer Traffic (demand).

Buyer Demand

The map below was created after asking the question: “How would you rate buyer traffic in your area?” When is a Good Time to Sell Your House | The Pivec Group The darker the blue, the stronger the demand for homes in that area. Only six states had a weak demand level.

Seller Supply

The Index also asked: “How would you rate seller traffic in your area?” As you can see from the map below, the majority of the country has weak Seller Traffic, meaning there are far fewer homes on the market than what is needed to satisfy the buyers who are out looking for their dream homes. When is a Good Time to Sell Your House | The Pivec Group

Bottom Line

Looking at the maps above, it is not hard to see why prices are appreciating in many areas of the country. Until the supply of homes for sale starts to meet the buyer demand, prices will continue to increase. If you are debating listing your home for sale, meet with a local real estate professional in your area who can help you capitalize on the demand in the market now!


Are you thinking of buying or selling a home, or have a friend or family member who is? Contact The Pivec Group today by calling 443-692-8800 or visiting our website! We look forward to hearing from you and helping you find your dream home!Sell Your House Now While Buyer Demand is High! - The Pivec Goup

Filed Under: Real Estate Advice Tagged With: Real Estate, sell your house

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