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Buyers are looking! Are you Ready to Sell?
Market Update from The Real Property Couple. Buyers are looking! Are you Ready to Sell?
Buyers are looking! Are you Ready to Sell?
There are some homeowners who are patiently waiting to get the price they hoped for when they originally listed their houses for sale. Something these homeowners might want to take into consideration is the fact that if their homes haven’t sold yet, maybe they’re not priced properly.
After all, 14,904 houses sold yesterday, 14,904 will sell today, and 14,904 will sell tomorrow.
14,904!
Find out what's happening in Three Villagefor free with the latest updates from Patch.
This is the average number of homes that sell each and every day in this country, according to the National Association of Realtors’ (NAR) latest Existing Home Sales Report. NAR reported that sales are at an annual rate of 5.44 million. Divide that number by 365 (days in a year) and we can see that, on average, over 14,904 homes sell every day.
The report from NAR also revealed that there is currently only a 4.2-month supply of inventory available for sale (6-months inventory is considered ‘historically normal’).
This means that there are not enough homes available for sale to satisfy all of the buyers who currently are out in the market in record numbers.
Bottom Line
We realize that you want to get the fair market value for your home. However, if it hasn’t sold in today’s active real estate market, perhaps you should reconsider your current asking price.
Find out what's happening in Three Villagefor free with the latest updates from Patch.
Contact us today for a FREE Market Analysis.
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TheRealPropertyCouple.com
(631)379-8157
Geri DeRosa Ertle, Associate Real Estate Broker and George C. Ertle,MPA, Real Estate Sales Associate with Charles Rutenberg Realty,Inc.
members LIBOR, MLS, NAR, NSNAR, CRS, CDPE, NYSMLS
20 plus years expertise and experience, we are your local Realtors and Setauket Residents.
