Are You Thinking About Selling Your Home

Dated: 03/08/2017

Views: 199

Thinking of Selling? Do it TODAY!!


Thinking of Selling? Do it TODAY!! | MyKCM

That headline might be a little aggressive. However, as the data on the 2017 housing market begins to roll in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME!

The February numbers are not in yet, but the January numbers were sensational. Lawrence Yun, Chief Economist for the National Association of Realtors, said:

“Much of the country saw robust sales activity last month as strong hiring and improved consumer confidence at the end of last year appear to have sparked considerable interest in buying a home. Market challenges remain, but the housing market is off to a prosperous start as homebuyers staved off inventory levels that are far from adequate…”

And CNBC says consumer confidence in the economy is fueling the market:

“U.S. home resales surged to a 10-year high in January as buyers shrugged off higher prices and mortgage rates, a sign of growing confidence in the economy.”

The only challenge to the market is a severe lack of inventory. A balanced market would have a full six-month supply of homes for sale. Nationally, there is less than a four-month supply of inventory. This represents a decrease in supply of 7.1% from the same time last year. 

In the Portland Metro area there is less than a two month supply. Our local areas are reporting between 9.2% and 16.2% appreciation over last year.

Bottom Line

With demand increasing and supply dropping, this may be the perfect time to get the best price for your home. Let’s get together and discuss the inventory levels in your neighborhood to determine your next steps.

Latest Blog Posts

5 Reasons To Sell Your House This Fall In The Portland Area

5 Reasons to Sell Your House This Fall in the Portland Area Have you been thinking about putting your house on the market? What about moving-up to the house of your dreams? With supply and

Read More

Home Prices The Difference 5 Years Makes

Home Prices: The Difference 5 Years MakesCoreLogic recently released their Home Price Index Report. One of the key indicators used in the report to determine the health of the housing

Read More

21908 SW Vintner Sherwood OR 97140 For Lease

This is it! Highly sought after Sherwood Schools and area. 4 bedroom, 2.5 bath town home. Brand new laminate hardwoods throughout main floor. Open kitchen with an eating bar, gas fireplace and

Read More

Are Homebuyers Starting To Hit The Pause Button In Oregon

Are Homebuyers Starting to Hit the ‘Pause’ Button?For the last several years, buyer demand has far exceeded the housing supply available for sale. This low supply and high demand have led to

Read More