As we are about to ring in the New Year, families across the country will be deciding if this is the year that they will sell their current house and move into their dream home. Many will decide that it is smarter to wait until the spring “buyer’s market” to list their house. In the past, that might have made sense. However, this winter is not like recent years.

The recent jump in mortgage rates has forced buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW!! At the same time, inventory levels of homes for sale have dropped dramatically as compared to this time last year.

Here is a chart showing the decrease in inventory levels by category:

While this chart shows the overall national market, our local market is very similar.  Demand for inventory is very strong right now since competition (other homes for sale) is at historically low levels. 

If you are thinking of selling in 2017, now may be the best time.  Call or email me for a local market evaluation of your specific area.  Together we can plan an overall strategy for entering the market at an optimum time.