Have you been debating whether this year is a good time to sell your Lodi home? Having trouble making that decision?
Well, let's look at some facts. Home inventory in Lodi is down from 2.4 months of inventory last year. To 2.1 months of inventory this year.
Average sales price last year was $360,000 and this year it is $376,000. Interest rates are expected to go up again.
When we look at the latest Existing Home Sales Report from the National Association of Realtors (NAR) it reveals that nationally home sales declined 0.6% to a seasonally adjusted annual rate of 5.38 million in June from 5.41 million in May, and are 2.2% below a year ago.
There are some people who look at these numbers and may think now is a bad time to sell a house. The fact is the opposite is the truth.
National the slowdown in home sales can be attributed directly to the lack of inventory available for the buyers. Those buyers who are out in the marketplace looking for their dream home. Did you know that the inventory of homes for sale had fallen year-over-year for 36 consecutive months? Until it posted a modest gain of just 0.5% last month. This continued lack of inventory has fueled an upward appreciation in home prices.
NAR’s Chief Economist Lawrence Yun had this to say,
“It’s important to note that despite the modest year-over-year rise in inventory, the current level is far from what’s needed to satisfy demand levels. Furthermore, it remains to be seen if this modest increase will stick, given the fact that the robust economy is bringing more interested buyers into the market, and new home construction is failing to keep up.”
The few homes that come on to the market, that are priced correctly. Sell fast with multiple offers. Is that what you are looking for should you list your Lodi home today?
The time to list is now! Give us a call at 209-762-3552 and set your appointment today. And let's discuss the best plan of action for you to get your Lodi home sold for the most money and as fast as possible
You can also download your FREE copy of our Home Seller's Guide by CLICKING HERE.
Are you looking for an agent who will listen to everything you have to say, from your very first contact with him, all the way until the day he hands over the keys to your new home or closes the deal ....
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