Why Is the Supply of Homes for Sale the Lowest Since 1999?
House hunters out this spring will have to pound more and more pavement to find their home sweet home.


The number of for-sale listings fell again in December to the lowest level since 1999, according to the National Association of Realtors. There were just 1.65 million homes for sale at the end of December, which at the current sales pace would take only about 3 Ā½ months to exhaust. 

A normal, balanced market has about a six-month supply
.  

Buyer Demand Is Outpacing the Supply of Homes for Sale

The price of any item is determined by the supply of that item, as well as the market demand. 
The National Association of REALTORS (NAR) surveys "over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions" for their monthly  REALTORS Confidence Index .

Their latest edition sheds some light on the relationship between Seller Traffic (supply) and Buyer Traffic (demand).


7 Tips for the First-Time Home Seller

Memo to first-time home sellers: This is not your father's housing market.

Today's buyers are pickier and have more tools in their tool belts. Consequently, sellers may have to spend more time and cash making their homes camera-ready.
For first-time sellers who have never been through the process before, it's a different world. One where the value of the house isn't measured solely by the profit made on the sale, but in part by the enjoyment the owners had from living in the home.

Here are seven things experienced sellers would tell you, if they could...
 
Buying? Selling? 
Both?

Even if you're pondering buying or selling, I am always here to help answer any questions and provide further directio n to help you in your decision making process.

Please don't hesitate to call 
or e-mail me with any questions!


(530) 318-3099  
CA # 01406664  and  NV # S.0063268