If you are debating listing your house for sale this year or even early next year, here is the #1 reason not to wait!
Buyer Demand Continues to Outpace the Supply of Homes For Sale
According to the National Association of REALTORS’ (NAR) Foot Traffic report, there are more buyers out in the market right now than at any other time in the past three years. The graph below shows the significant increase in foot traffic experienced this year compared to 2014.
The latest Existing Home Sales report shows that there is currently a 5.2-month supply of homes for sale. This remains lower than the 6-month supply necessary for a normal market and well below August 2014 numbers. The chart below details the year-over-year inventory shortages experienced so far in 2015:
National award-winners and seasoned Realtors with over many years of experience in Northern & Central New Jersey, Rahul & Smitha and their team have become New Jersey’s “Go To” agents and consistent leaders with a reputation for tenaciously protecting their clients’ interests. They specialize in Morris, Somerset, Essex, Union and Passaic counties.