The National Association of Realtors has issued a news release projecting the home sales for 2012 based on January and February sale contracts. This information seems to support my previous post which covers significant inventory reductions.
The release predicts a national home sales increase of 7 to 10 percent for 2012. This is eclipsed by the projected 19.0% increase for the Midwest. Those are huge numbers, especially for out part of the country.
What does this mean for you as a home seller? It means there is a wave of buyers hitting the market and the wave has already started. While I expect that it will be some time before we see any significant increase in home values, a more competitive buying market will help to stabilize prices. It will also help to reduce the time it takes to sell your home. If you are in the market to sell, we need to talk now in order to have the property properly prepared and on the market for the bulk of this surge.
Read the NAR new release here: http://www.realtor.org/press_room/news_releases/2012/03/phs_feb
Warmest regards,
Dan
(314) 484-7467
No comments:
Post a Comment