That headline might be a little aggressive. However, as the data on the 2015 housing market begins to roll in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME!
We realize that existing home sales stumbled in January compared to December. But, if we compare the current September-January time period to the same period a year ago, we can see that existing home sales have outpaced last year every month with the January sales numbers 200,000 homes greater than last January:
Pending home sales (houses going into a contract) as reported by the National Association of Realtors has also done much better in the last five months compared to a year earlier:
And, buyer demand is continuing to skyrocket:
At the same time, the amount of housing inventory coming to the market compared to last year is plummeting:
With demand increasing and supply dropping, this may be the perfect time to get the best price for your home. Call me today to see whether that is the case in our neighborhood.