If there is even a slight chance of selling your home, you should know that there has never been a better time to do it than now!
The fact is that housing has shifted to a seller’s market, with inventory at a 13 year low! In fact, the National Association of Realtors (NAR) reported the January Pending Home Sales Index to be at 105.9%, the highest rate for contracts (not closings) in years. So, what does this mean exactly? It tells us that homes put on the market are being sold fast.
According to NAR Chief Economist Lawrence Yun, home pricing will likely be on the upswing as less homes are on the market. He explains, “Over the near term, rising contract activity means higher home sales, but total sales for the year are expected to rise less than in 2012… While home prices are projected to rise more strongly because of inventory shortages.” This is great news for sellers!
In 2013, it’s been predicted that over five million homes will be sold. Will your home be one of them? To find out more on how to start the process of selling your home, please contact us, the #1 Real Estate Team in Philadelphia. We’d love to help you find your center city home!