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Shayne Stone

Champions Real Estate Group
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Buyers Are Looking Now. Are You Ready to List Your Home?

November 22nd, 2019



Inventory on the market today is low, especially among existing homes in the entry and middle-level tiers of the market. It is hovering well below the 6-month supply typically found in a more normal market, as shown in the graph below:
Buyers Are Looking Now. Are You Ready to List Your Home? | Simplifying The MarketWith inventory being one of the biggest housing market challenges today, finding a starter home right now isnt easy. According to the Q3 Housing Trends Report from the National Association of Homebuilders (NAHB), 68% of those searching for a home think their search will get harder or stay about the same over the next 12 months.

The same study reveals,

In Qtr319, buyers actively engaged in the process of buying a home are more likely to have spent at least 3 months searching (58%) than a year earlier (55%).

 This is certainly no surprise, given the current inventory status. So, whats the good news? The NAHB continues to say,

If still unable to find a home in the next few months, the next step for most long-time searchers is to continue looking for the right home in the same preferred location (52%). The next step for 35% is to expand their search area and for 16% is to accept a smaller/older home. Only 15% will give up looking.

What does this mean for homeowners?

 If youre thinking of selling your home, buyer demand is high and those looking in your neighborhood arent planning on giving up anytime soon. The majority of potential buyers who are still searching for their dream home are eager, willing, and ready to buy, so maybe its time to list your house and make your move.

Bottom Line

With buyer demand as high as it is today, and inventory in the entry and middle-tier markets remaining low, its never been a better time to move up. Lets get together to determine if now is your time to sell.

Content previously posted on Keeping Current Matters


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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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I've been in some form of real estate since my early days! And now with all my expertise, I can enjoy helping those that want to either purchase / sell their first home or investment properties...
Champions Real Estate Group
245 Commerce Green Suite 151, Sugar Land, TX 77478   Get Directions
Phone: (713) 785-6666
Fax: (713) 785-6631
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