Supply of Homes are Low

Imagine putting your house on the market and receiving multiple offers from eager buyers. There’s a higher chance of that happening right now because we’re in a sellers’ market. But what exactly does a seller’s market mean?
As this graph shows, we currently have less than a three-month supply of homes. Put simply, that means there aren’t enough homes for sale right now to meet buyer demand. That’s a sellers’ market. Historically, a six-month supply is necessary for a normal market that has enough homes available for active buyers.
When the supply of homes in the market is as low as it is right now, there are more active buyers - and more competition - for every house that’s listed. As a seller, that puts you in the driver's seat.
Today’s market is ideal for homeowners like you who are looking to sell. By pricing your house right and listing it now, you’re likely to attract serious, competitive buyers who are ready to move quickly.
So, if you're ready to kick off the selling process, let's connect.
Getting #PreApproved is Critical in today’s #realestatemarket #realestateagent #homeprices #realtor➡Check out how much your home is worth - bit.ly/2PAW5ZS
📲 Contact me directly to schedule a showing or a home visit at 714-767-5524.
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LINKEDIN: / jamesfestini
PINTEREST: / jamesfestini
ADDITIONAL RESOURCES:
website: www.JamesFesti...
[e-mail]
#orangecountyrealestate #orangecountyhousingmarketupdate #orangecountyhousingnews