Zelda Cain

A2Z Real Estate Consultants
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The #1 Reason to Put Your House on The Market TODAY!

July 30th, 2018

If you have questions about selling your home, even if you plan to do a "For Sale By Owner", give me a call at 832-779-8229. We freely share information and do not charge for the 1 hour consultation.

The National Association of Realtors (NAR) released the results of their latest Existing Home Sales Report which revealed that home sales declined 0.6% to a seasonally adjusted annual rate of 5.38 million in June from 5.41 million in May, and are 2.2% below a year ago. Some may look at these numbers and think that now is a bad 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! In fact, the inventory of homes for sale had fallen year-over-year for 36 consecutive months before posting a modest 0.5% gain last month and has had an upward impact on home prices.

NAR’s Chief Economist Lawrence Yun had this to say,

“It’s important to note that despite the modest year-over-year rise in inventory, the current level is far from what’s needed to satisfy demand levels. Furthermore, it remains to be seen if this modest increase will stick, given the fact that the robust economy is bringing more interested buyers into the market, and new home construction is failing to keep up.”

The few houses that are on the market are selling fast! According to NAR’s Realtors Confidence Index, properties were typically on the market for 26 days.

Bottom Line

If you are one of the many homeowners who is debating listing your house for sale this year, the time is now! Let’s get together to discuss the specifics of our market! Give us a call at 832-779-8229 for neighborhood, city and state specific information. 

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Disclaimer : The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the Houston Association of REALTORS®

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A2Z Real Estate Consultants believe an Educated Client makes an Informed Decision. Our goal is to educate you on the real estate market in general including home selling and home buying tips and tips to enjoy living in your current or new home.
A2Z Real Estate Consultants
1530 Greensmark Dr #670743, Houston, TX 77267   Get Directions
Phone: (281) 813-6887
Fax: (832) 201-7861
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