Some Highlights:
- The concept of Supply & Demand is a simple one. The best time to sell something is when the supply of that item is low & the demand for that item is high!
- Anything under a 6-month supply is a Seller’s Market!
- There has not been a 6-months inventory supply since August 2012!
- Buyer Demand continues to outpace Seller Supply!
In Our Local Market:
In the Puyallup/South Hill/Graham/Fredrickson area, when I factor in the homes that have PENDING sales on them, we're down to about 3 weeks of inventory. The Absorption Rate (how many homes have sold compared to how many listed for sale) is 118.5% when the PENDING sales are factored in.
Key Take-Away:
It is the perfect time to sell your nice home and buy your Dream Home (upper-end homes are in less demand than Mid-Level and Entry-level housing.) Entry-Level homes (under $300K) are in the highest demand and are where you will see the greatest gains in equity.
No comments:
Post a Comment