If you are debating listing your Columbus area house for sale this year, here is the #1 reason not to wait!
Buyer Demand Continues to Outpace the Supply of Homes For Sale in Central OH
The National Association of REALTORS (NAR) Chief Economist, Lawrence Yun recently commented on the inventory shortage:
While feedback from REALTORS® continues to suggest healthy levels of buyer interest, available listings that are move-in ready and in affordable price ranges remain hard to come by for many would-be buyers.
The latest Existing Home Sales Report shows that there is currently a 5.1-month supply of homes for sale. This remains lower than the 6-month supply necessary for a normal market and well below November 2014 numbers.
The chart below details the year-over-year inventory shortages experienced in 2015:
Anything less than a six-month supply is considered a “Seller’s Market”.
Bottom Line For Central OH Home Sellers
Contact me, Rita Boswell, today so that I can show you the supply conditions in your Columbus area neighborhood and assist you in gaining access to the buyers who are ready, willing, and able to buy now! You will also want to know how much your home is worth so it is priced correctly for current market conditions.