The National Association of Realtors (NAR) released the results of their latest Existing Home Sales Report which revealed that sales rose 0.7% month-over-month, but remain 1.5% lower than they were a year ago. Some may look at these numbers and think that now is not a good time to sell their house, but in fact, the opposite is true.
The national slowdown in sales is directly tied to a lack of inventory available for the buyers who are out in the market looking for their dream homes! The inventory of homes for sale has fallen year-over-year for the last 28 months and has had an upward impact on home prices.
NAR’s Chief Economist Lawrence Yun had this to say,
“Home sales in recent months remain at their lowest level of the year and are unable to break through, despite considerable buyer interest in most parts of the country.
Realtors® this fall continue to say the primary impediments stifling sales growth are the same as they have been all year: not enough listings – especially at the lower end of the market – and fast-rising prices that are straining the budgets of prospective buyers.” (emphasis added)
The houses that are on the market are selling fast, too! According to NAR’s Realtors Confidence Index, the median number of days it took for a house to go from listed to under contract over the past three months was 34.
If you are one of the many homeowners who is debating listing your house for sale this year, the time is now!
Ready To Get Started?
Sell Your Home For 4% Total Commission
Why Pay 6% In Agent Commissions? You'll Save Thousands in Agent Commissions With Our Top Rated Real Estate Team And Get Full Market Value For Your Home.
Our Full Service Marketing Plan Includes:
Tell Us About Your Property
Fill Out The Form Below. Receive A FREE Home Value Report.
Homes Sold in 2015
408 Almond AV Monrovia, CA- Represented Seller *Sold in 3 Days*
414 E. El Sur Ave Monrovia, CA- Reresented Buyer/Seller *Sold In 2 Days*
1133 Garsden Ave Covina, CA- Representing Seller *Sold in 5 Days*
14348 Golden Crest Dr Chino Hills, CA- Representing Seller
11961 Hunnicut Dr, Rancho Cucamonga, CA- Representing Seller *Sold in 14 Days*
338 E. Ramona St Covina, CA, – Representing Seller *Sold In 4 Days*
3021 9th Ave Arcadia, CA- Representing Seller/Buyer **Sold in 2 Hours**
603 Fano St (Two on a lot), Monrovia, CA- Representing Seller
2802 Mayflower Ave Arcadia, CA- Representing Seller
1659 Carbon Canyon Road Chino Hills, CA- Representing Seller
318 Linwood Ave Monrovia, CA – Representing Seller ** Sold in 3 Days**
Homes Sold in 2016
941 Willow Ave La Puente, CA Representing Seller *Sold in 15 Days*
1169 N. Viceroy Ave Covina, CA- Representing Seller and Buyer *Sold in 18 Days*
7341 Citronell Ave Pico Rivera CA- Representing Seller *Sold in 10 Days*
233 E Greenhaven Ave Covina CA-Representing Seller *Sold in 24 Hours*
218 Starpine Court Azusa CA- Representing Seller- *Sold in 10 Days*
3700 Hollowglen Palmdale CA- Representing Seller *Sold in 20 Days*
13101 Melon Ave Fontana Ca- Representing Seller *Sold in 7 Days*
1531 Sandefur Ave Duarte CA- Representing Seller *Sold in 18 Days*
715 E Acacia Unit E Glendale CA- Representing Seller *Sold in 3 Days*
425 Kenoak Ave Covina CA- Representing Buyer
4449 Levelside Ave Lakewood CA- Representing Seller *Sold in 8 Days*
4435 Petaluma St Lakewood CA- Representing Seller *Sold in 20 Days*
1756 Shady Oaks Ct Azusa CA- Representing Seller *Sold in 8 Days*
Homes Sold in 2017
9354 Benson Ave Montclair- Representing Seller *Sold in 8 Days*