Why Right Now May Be the Time to Sell Your House

Why Right Now May Be the Time to Sell Your House | MyKCM

The housing market made an incredible recovery in 2020 and is now positioned for an even stronger year in 2021. Record-low mortgage interest rates are a driving factor in this continued momentum, with average rates hovering at historic all-time lows.

Why Right Now May Be the Time to Sell Your House | MyKCM

According to the latest Realtors Confidence Index Survey from the National Association of Realtors (NAR), buyer demand across the country is incredibly strong. That’s not the case, however, on the supply side. Seller traffic is simply not keeping up. Here’s a breakdown by state:As the maps show, buyer traffic is high, but seller traffic is low. With so few homes for sale right now, record-low inventory is creating a mismatch between supply and demand.

NAR also just reported that the actual number of homes currently for sale stands at 1.28 million, down 22% from one year ago (1.64 million). Additionally, inventory is at an all-time low with 2.3 months supply available at the current sales pace. In a normal market, that number would be 6.0 months of inventory – significantly higher than it is today.

What does this mean for buyers and sellers?

Buyers need to remain patient in the search process. At the same time, they must be ready to act immediately once they find the right home since bidding wars are more common when so few houses are available for sale.

Sellers may not want to wait until spring to put their houses on the market, though. With such high buyer demand and such a low supply, now is the perfect time to sell a house on optimal terms.

Bottom Line

The real estate market is entering the year like a lion. There’s no indication it will lose that roar, assuming inventory continues to come to market.

Save the DATE! Free Community Shred Day at our Office

BCS PROPERTIES is hosting a COMMUNITY SHRED
DAY on March 27, 2021

between 9am and 1pm at 9560 FM 830
(across the street from Panorama).

Due to COVID we cancelled this day last year and hope to see you.
It will be strictly a drop off where you will drive up and hand your
shredding to the attendant with the shred company. You
will be asked to wait until your shredding has been taken
before leaving. Shredding will take place on site!

WHY SHRED PERSONAL DOCUMENTS?
Rifling through trash cans for personal information is on
the rise and is a common tactic of identity thieves. Shred
sensitive materials to minimize your risk. Before
discarding them, cut up expired credit and identification
cards, bank and credit card statement you no longer need,
charge receipts with your account information insurance
forms, physician bills and the like.

We will only be offering paper shredding this year. No
small electronic destruction!

2021-03-27T09:00:00

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until

Free Shred Day