The Numbers Are in… and Now’s a Great Time to Sell

This year’s real estate market has been shattering all sorts of expectations—and the latest numbers are no exception. While you might think that spring and summer are the most profitable seasons for selling, this fall has the potential to prove you wrong!

Here are the highlights from the  National Association of Realtors’ latest home-selling report.

Buyer’s Market vs. Seller’s Market

A "For Sale" sign in the front yard of a home.

Before we dig into the numbers, it’s important to provide a little context as to what they mean.

Buyer’s and seller’s markets are primarily determined by the amount of inventory available. If there’s less than 6 months’ worth of homes for sale, then prices will go up, leading to a seller’s market. On the other hand, when inventory tops 7 months, price tend to depreciate and the market swings in the favor of buyers.

With that in mind, let’s get to the numbers!

Sales vs. Inventory

A key in front of a miniature model of a home.

While sales have gone up, the most important takeaway from the report is the inventory. At the end of August, the total housing inventory sunk by 2.6% to 1.86 million homes for sale.

Unsold inventory is lower than the 4.3 month figure recorded last August, which represents a 4.1 month supply based on the current sales pace. With increased demand and limited supply, sellers are benefitting in major ways—namely, price increases.

Why the Increase in Buyer Activity?

People shaking hands over a real estate transaction.

Typically, buying slows down during the fall and winter months, but with mortgage rates remaining at near-record lows, it’s been hard to resist taking advantage of them. In fact, The Existing Home Sales Report also shows that 49% of properties were on the market for less than a month when they were sold.

The bottom line? If you’re planning on selling, now’s the perfect time to capitalize on ready, willing, and able buyers—and likely for a better price than usual.

List Your Home with Linda Craft & Team REALTORS®

Contrary to popular belief, you don’t have to put off your home-selling plans until the spring or summer—the last few months of the year are shaping up to make for a stellar seller’s market.

Want to take advantage of these favorable conditions and sell your home before the end of the year? Then let Linda Craft & Team, REALTORS® help. With hundreds of years of combined local experience, we have the resources, expertise, and skill-set to ensure that your property sells for top dollar! Whenever you’re ready to get started, we’re just a phone call away.

You Don’t Have to Wait Until Spring: Sell Your Raleigh Home for Top Dollar Now

There’s a common misconception that spring and summer are the only times to buy or sell a home. However, when it comes to selling your Raleigh home, that couldn’t be further from the truth!

The thing is, the price of any item is determined by the theory of “supply and demand.” If a lot of people are looking to buy an item, and the supply of that item is low, the price will increase.

Still not catching our drift? Let’s go more in depth.

The Raleigh Housing Inventory is Low

Luxurious dining room with lots of open space.Statistically, during the first few months of the year, the inventory of homes for sale in Raleigh is very low. That number picks up drastically come springtime—because sellers think that’s the most advantageous time to list their home!

However, if you’re looking to sell your Raleigh home, there’s no better time than the present. In fact, waiting until the spring may end up hurting you!

Now is the Time to List

A professional going over a brief on his computer.If you want to sell your home for top dollar, and within your timeframe, then it doesn’t make sense to wait. Buyers are highly motivated to buy a home right now, and there’s no way they’re going to wait until the spring.

Selling while the inventory is low, but the demand is high, is the most surefire way to make an incredible return on your investment in the Raleigh real estate market.

So, Are You Ready to Sell?

Allow our team to help make you the most amount of money possible in your home sale. There’s a reason Linda Craft & Team REALTORS® are the #1 ranked real estate team in the North Carolina Triangle. Our home-selling resources are endless and our success record is unmatched.

From pricing your home correctly to marketing it effectively and making sure closing day goes off without a hitch, Linda Craft & Team REALTORS® are here to help.

Want to start achieving all of your 2019 Raleigh real estate goals? Please reach out to us today.