The #1 Reason To Sell Your House
Almost every industry is currently struggling with supply chain disruptions. This also applies to the current U.S. housing market, where buyer demand far exceeds housing supply.
Purchaser demand is very strong right now. The National Association of Realtors (NAR) just released their latest Existing Home Sales Report which reveals that sales surged in January. Existing home sales rose to a seasonally adjusted annual rate of 6.5 million – an increase of 6.7% from the prior month, with sales up in all regions. However, there’s one big challenge.
Inventory Is at an All-Time Low
Because purchaser demand is so high, the market is running out of available homes for sale. The above-mentioned report states that the current months’ supply of inventory of homes for sale has fallen to 1.6 months. This prompts Lawrence Yun, Chief Economist at NAR, to say:
“The inventory of homes on the market remains woefully depleted, and in fact is currently at an all-time low.”
Earlier this month, realtor.com released their inventory data for January. It helps confirm this point. Here’s a graph comparing inventory levels for January over the last six years:
As the graph shows, new listings...
Congrats to Carmela Cabanero for making #1 agent out of hundreds for the month of January 2022!
4647 Dealers Choice Way Unit#103, Las Vegas, NV 89122
This three bedroom, two and a half bath townhome is located in the Nevada Ranch neighborhood. This townhome is currently listed for sale for $290,000
6335 Starlit Sky Street, North Las Vegas, NV 89081
This four bedroom, two and a half bath single family home is located in the Summit Knoll neighborhood. This home is currently listed for sale for $499.000.