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The Time To List Your Home Is Now
The headline might be a little aggressive. However, as the data on the 2016 housing market begins to roll in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR NORTH TEXAS HOME!
The May numbers are not in yet, but the April numbers were sensational. Jonathon Smoke, Chief Economist at realtor.com, explained:
“We had a triple crown of April home sales reports, so 2016 is in the pole position to earn best year of home sales in a decade.”
And Freddie Mac also expressed a tremendous optimism regarding home sales for the rest of the summer:
“Home sales typically rise in the spring and summer months, and we anticipate acceleration in home sales that will surpass 2007’s pace by late summer.”
The only challenge to the market is a severe lack of inventory. A balanced market would have a full six-month supply of homes for sale. Currently, there is less than a two-month supply of inventory in areas like Frisco, Plano, Richardson, Dallas, Prosper, Flower Mound and other North Texas communities. This represents a decrease in supply of 3.6% from the same time last year.
With demand increasing and supply dropping in Frisco and surrounding areas, this may be the perfect time to get the best price for your home. Let’s get together to see whether that is the case in your neighborhood.
Top 1% of Texas Real Estate Teams; McSam Realtor of the Year, 2016; Certified Residential Specialist, CRS D Best Realtor, 2016, 2017 Castle Hills Realtor Advisory Board, 2016; Windsong Ranch Real....