Top 5 Reasons Why NOW is the good time to List your Home in Louisville
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Niki Fuller at 502-523-5554 / e: niki@YourJourneyTeam.com
Real Estate Industry is one of the of the most unpredictable industry, one day it's up and it could go down the next day. Well, it doesn't really go down that fast, but the change is something you cannot predict right away.
One of the slowest time of the year in the real estate world is always the last quarter of the year. Lesser listings, lesser buyers in the market, and of course, there are the holidays to be celebrated. Though, this may vary from one state to another.
With all those factors being mentioned, the effect from last year can be felt this year. The inventory of homes is lower, a lot of buyers in the market, and home prices are up. It's just like the law of supply and demand. Prices are up because of the low supply or inventory of homes to choose from and there is a growing market of buyers every single day.
To answer the question as to Why NOW is a good time to Sell your home, we have listed the Top 5 Reasons to answer this question.
1. Prices are Going UP!
Image source: http://www.movoto.com
As per www.movoto.com, there is a significant increase in home prices as of January of 2016. Though the increase may vary from one town to another, it's best to request a comparative market analysis with your trusted real estate agent or you try a free home valuation report to have an estimated value of your property. CLICK HERE to try a free home value report with Your Journey Team.
2. There's a significant drop in the number of homes being listed.
Image source: www.movoto.com
According to www.realtytoday.com, Louisville is seeing a massive drop in housing inventory, which means home buyers are left with limited choices for a prospective new home.
According to the publication, "If no new properties were to come onto the market (not gonna happen) and our sales maintained their current rate (plausible), we would have zero homes on the market in 3.16 months! This is well below a healthy market absorption rate of six months."
3. An increase in Home Buyers in the market.
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As of January 2016, there is a steady decline in the unemployment rate. However, even if this is the case most of the home buyers would need to apply for a loan, or would need to save up for a downpayment. Plus, some of those who listed their homes are also in the market looking to buy for their dream home.
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