The price of a residential real estate is determined by supply and demand.
If many people are looking to buy their homes and the supply of these is limited, the price of home increases.
The supply of homes for sale dramatically increases every spring according to the National Association of Realtors (NAR).
The graph above shows what happened to house inventory at the beginning of 2016.
The first three months of the year shows lower supply compared to April and May.
This gives you the idea that it might make a lot of sense when you put your home on the market now instead of waiting for increased competition in the spring.
A lot of buyers in the market during the winter months are motivated purchasers. They want to buy their homes now.
Currently, the inventory available in most markets is limited. Sellers are in a great position to negotiate.
It is important to ask the help of a professional before you sell your home.
At Burgess Group Realty LLC, we help our clients find the best deals in the market. Let’s meet up so we can help you sell your home. CALL Catherine at 303.506.5669.