What it means to be in a Seller’s Market in Coral Heights
Have you thought about
selling your house in the near future? This
is the time to really consider. We are
in a seller’s market here in Coral Heights.
Which is making it very advantageous to sellers who are looking to sell. There are more buyers in the market than houses
for sale. In this market we advise those who’s housing needs have changed (downsizing
or upsizing) to sell.
Inventory for Single Family
Homes in Coral Heights are at an all-time low with .05 months inventory. Which means if no new homes were to be placed
on the market in a ½ a month or two weeks, there would be no homes for sale in
For Normal markets, a 6-month
supply is necessary for normal or neutral markets in which there are enough
homes available for active buyers (buyers to find homes
to buy. (see the graph below):
Which creates bidding wars on the few houses that are in the
market making it necessary for
buyers to submit very attractive offers and terms..
As this happens, home
prices appreciate, and sellers are in the best position to negotiate deals that
meet their terms. If you put your house
on the market when there are so few Today, you have multiple buyers who are
ready, willing, and able to purchase a home at asking price or higher. With low mortgages and all that has happened this
past year, it is has prompted individuals to think differently about where they
want to live – and they are acting on it.
The supply of homes
for sale are not keeping up with the demand of buyers looking ito purchase in Coral
Heights. Making this an optimal time to
sell your home in Coral Heights.
Home prices are appreciating
in Coral Heights. Making your home
available in this market will give you the most exposure to buyers who will
actively compete against each other to purchase the home. Our Contract information is below.
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