A recent Realtor article suggests home sellers are now working to get a jump on the competition by placing their properties on the market ahead of Spring:
The Spring selling rush may already be under way, as some home owners are already throwing their properties on the market to take advantage of rebounding home prices and improved equity.
This may have more sellers moving fast. Here’s some additional helpful information if you’ll be selling your house in 2014:
Inventory shortages persisted last year, when supply was at a 12-year low leading into the spring. The shortages helped boost home prices, but gave home buyers limited choices and sparked bidding wars in many markets.
New-home construction is now at a third of its 2006 peak, which likely will keep inventories tight this spring. But, economists say, improved home prices will likely convince more sellers to sell this year, and that should relieve the inventory crunch in many markets.
Read the entire article here. Thinking about selling? Contact Certified Realty using the convenient form below for a free consultation about our market your home’s value and your options.