With recent reports for the Kansas City area citing home inventory at just 4.8 months. This article might debunk some of the myths of home selling! If you've been on the fence contemplating whether to try to move this year, you might want to check this out!
6 Reasons Why This Winter Is a Great Time to Sell
Showing posts with label Sellers Market. Show all posts
Showing posts with label Sellers Market. Show all posts
Wednesday, January 23, 2013
Wednesday, February 17, 2010
Is Our Local Market Favoring Buyers or Sellers?
Who exactly has the edge in our local market? Buyers or Sellers?
The supply calculation is determined by taking the Inventory (number of homes on the market) and dividing it by the 12 Month Average of the Number of Sales. A balanced market, in general, is a 5 to 6 months supply of homes on the market. If the supply exceeds 6 months, the market can favor buyers. If the supply is less than 6 months the market can favor sellers. The supply for new and used homes in the Kansas City Region is 6.7 months of supply. This number slightly favors buyers in our area. As we teter at around 6 months of inventory we are experiencing a more balanced market for buyers and sellers. That's the good news!
Other market factors will affect our market in the coming months due to the changes in FHA financing and anticipation of rising interest rates later in the year.
Spring is around the corner and regardless of the market, is consistently and historically a GREAT time to list your home and to buy a home.
If you would like information on what your neighborhood sales activity has been or would like personal, caring representation on the purchase of a home, call us at 816-985-3444 or visit our website!
The supply calculation is determined by taking the Inventory (number of homes on the market) and dividing it by the 12 Month Average of the Number of Sales. A balanced market, in general, is a 5 to 6 months supply of homes on the market. If the supply exceeds 6 months, the market can favor buyers. If the supply is less than 6 months the market can favor sellers. The supply for new and used homes in the Kansas City Region is 6.7 months of supply. This number slightly favors buyers in our area. As we teter at around 6 months of inventory we are experiencing a more balanced market for buyers and sellers. That's the good news!
Other market factors will affect our market in the coming months due to the changes in FHA financing and anticipation of rising interest rates later in the year.
Spring is around the corner and regardless of the market, is consistently and historically a GREAT time to list your home and to buy a home.
If you would like information on what your neighborhood sales activity has been or would like personal, caring representation on the purchase of a home, call us at 816-985-3444 or visit our website!
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