A study at Harvard University by the Joint Center of Housing Studies released their housing study of 2017 so far and this jumped out at me:
“For the fourth year in a row, the inventory of homes for sale across the US not only failed to recover, but dropped yet again. At the end of 2016 there were historically low 1.65 million homes for sale nationwide, which at the current sales rate was just 3.6 months of supply – almost half of the 6.0 months level that is considered a balanced market.”
I have been shouting from the mountaintops for years now that we are in the strongest Seller’s Market in a long time. I wrote about it last year and the year before. 2016 was stronger than 2015, which was stronger than 2014. 2017 is putting them all to shame. I have buyers that are just waiting for the right house to come along and they are ready to pull the trigger. If you are thinking about selling, you are going to be hard pressed to find a better time than now. I said that in 2015 and 2016, and it is actually more true today in 2017.
If you or someone you know is interested in selling (or buying), I want to help! You can reach me at 515.639.0047 or RyanLynch@KW.com. Let me help.