#1 Agent in Social Media in Washington. REALTOR® with EXP Realty in Bellingham, WA., Seaplane pilot, family man. My goal is simple, to provide clients with world class trust and service. Your goals are my goals, and I want you as a client for life! Stop being treated like a "sale". I strive to build my Real Estate family and hope you come back to me later when you need to buy or sell your next home.
Buyer Demand Continues 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).
The map below was created after asking the question: “How would you rate buyer traffic in your area?”
The darker the blue, the stronger the demand for homes in that area. Only three states had a ‘stable’ demand level.
The index also asked: “How would you rate seller traffic in your area?”
As you can see from the map below, 21 states report a ‘weak’ sellers traffic, 25 states report a ‘stable’ sellers traffic, only 4 states and DC report a ‘strong’
sellers traffic. Meaning there are far fewer homes on the market than
what is needed to satisfy the buyers who are out looking for their dream
Looking at the maps above, it is not hard to see why prices are appreciating in many areas
of the country. Until the supply of homes for sale starts to meet the
buyer demand, prices will continue to increase. If you are debating
listing your home for sale, let’s get together to help you capitalize on
the demand in the market now!
How Historically Low Interest Rates Increase Your Purchasing Power
According to Freddie Mac’s latest Primary Mortgage Market Survey,
interest rates for a 30-year fixed rate mortgage are currently at
3.47%. Rates have remained at or below 3.5% each of the last 16 weeks,
marking a historic low.
We've rounded the corner and are cruising into 2017. This year is going to be another blockbuster year for home sellers. But before you can put it on the market you need to go through your home and make sure it's ready. Check out this checklist and feel free to call me for my complimentary home selling consultation. "Tips for Preparing Your House For Sale [INFOGRAPHIC] "
Once you are ready let's discuss how my social media campaign can get you the most exposure possible.
#1 Agent in Social Media in Washington