2017 has arrived and families across the country are trying to decide whether or not this is the year that they will sell their current house and move into their dream home. Many will decide to wait until “buyer’s market” in the spring to list their house. That way of thinking no longer makes sense because this winter is not similar recent years.
The recent jump in mortgage rates has forced buyers off the fence and into the market. This has resulted in an 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:
Demand for your home is very strong right now while your competition (other homes for sale) is at a historically low level. If you are thinking of selling in 2017, now may be the time.