Omaha Real Estate: Thinking of Selling? Do it TODAY!!!

Thinking of Selling? Do it TODAY!!!

Thinking of Selling? Do it TODAY!!

Thinking of Selling? Do it TODAY!! | MyKCM

That headline might be a little aggressive. However, as the data on the 2017 housing market begins to roll in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME!

The February numbers are not in yet, but the January numbers were sensational. Lawrence Yun, Chief Economist for the National Association of Realtors, said:

“Much of the country saw robust sales activity last month as strong hiring and improved consumer confidence at the end of last year appear to have sparked considerable interest in buying a home. Market challenges remain, but the housing market is off to a prosperous start as homebuyers staved off inventory levels that are far from adequate…”

And CNBC says consumer confidence in the economy is fueling the market:

“U.S. home resales surged to a 10-year high in January as buyers shrugged off higher prices and mortgage rates, a sign of growing confidence in the economy.”

The only challenge to the market is a severe lack of inventory. A balanced market would have a full six-month supply of homes for sale. Currently, there is less than a four-month supply of inventory. This represents a decrease in supply of 7.1% from the same time last year.

Bottom Line

With demand increasing and supply dropping, this may be the perfect time to get the best price for your Omaha home. Let’s get together and discuss the inventory levels in your neighborhood to determine your next steps.

Comments

I shared this information too from Keeping Current Matters elsewhere...

Posted by Kristin Johnston - REALTOR®, Giving Back With Each Home Sold! (RE/MAX Realty Center ) 8 months ago

I have to believe that this is the best time to market and sell the home.

Posted by Harry F. D'Elia, Investor , Mentor, GRI, Radio, CIPS, REOs, ABR (Real Estate and Beyond, LLC) 8 months ago

I agree that now is the time due to lack of inventory but my sellers are asking if they sell, where so they go?  We don't have new construction in many areas and it's creating a struggle between selling and not selling in our market.  Our inventory is extremely low, rental rates are high and it's pushing many home buyers out of the market. I agree however that now is a great time to sell...our listings are also selling in days and often in hours and over list price.  Great post.

Posted by Teri Pacitto, Real Estate, Your Style...Your Home...My Specialty (Compass) 8 months ago

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