Search the MLS for Active Adult Homes in Monmouth County, by Bunny & Art. (732) 598-7700
The Spring Housing Market
If you plan on selling your home in 2017, it is time to list your home now. We have not seen the February numbers for the 2017 housing market yet, but the January numbers were very very strong.
Buyers throughout the country have shown considerable interest in purchasing a new home, due to strong hiring and improved consumer confidence. There are still challenges but the housing market is off to a great start due to inadequate inventories of homes.
Nationwide, resales of existing homes were at a 10-year high in January. Buyers did not seem to pay much attention to higher prices and mortgage rates, which is a sign of growing confidence in our country’s economy.
With the low supply and high demand, this should be a great time to get the best price your home that you will see for quite some time. The biggest challenge to the market is a severe lack of inventory. Typically a balanced market will have a six month supply of homes for sale, but currently nationwide it is less than a four months supply.
If you are considering selling your home in 2017 give us a call so we can discuss what is happening in your neighborhood