Home Selling Season 2017: Welcome And List Now!

The Sharyn Younger Real Estate Team. List YOUR home now for the best home selling experience.

Welome to home selling season 2017!  The first couple of months of 2017 have seen a busy housing market. However last week marked the beginning of home selling season 2017, at least in my practice. My phone has started ringing more with showing requests on listings, even those that have seen less activity in recent weeks. Buyers are letting me know that they’re ready to roll in finding their next (or first) home. Even investors have caught home selling season fever. My assistant Jennifer and I are juggling a lot, and having a ball!

The one cloud in our blue sky is the on-going lack of inventory. Inventory was low to moderate in 2016. And our February 2017 inventory is down 9.3% from February 2016.  Buyers looking at the entry market under $250,000 are feeling like getting their offer accepted is like winning the lottery! Even in the higher price ranges, while inventory is higher, buyers feel their choices are fewer than they would like. A six months supply of inventory is indicative of a balanced market. In the $200,000 – $250,000 price range, we have a 2.5 month supply of homes on the market. $250,000 – $400,000 shows a 3 to 4.5 months supply. We don’t see a 6 months supply until we get over $500,000. Those looking to buy a home between $1 and $3 million dollars will find a two year supply of inventory. So there’s that!

If you are thinking of listing your home for sale, the selling season is a great time to do so. Especially THIS selling season. I can put a plan together to get you up and running in no time. And if you’re worried about finding your next home in this low inventory market, you’re in good hands. Our clients get their offers accepted. And ALL of our clients end up in the home they’re supposed to be in. It just never fails despite the cloud in the sky of home selling season.

Phoenix Housing Market

Phoenix housing market year over year performance

 

 

 

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