#1 Reason You Should Sell Now


The price of any item (including residential real estate) is determined by ‘supply and demand’.  If the supply of an item is larger than the amount of people looking to purchase that item, the price will decrease.

According to the National Association of Realtors (NAR),historically there is a natural decline in buyers looking to purchase a home (also known as foot traffic) as the winter months approach. Shown in the graph below:

Foot Traffic to Decline in Winter Months | Keeping Current Matters

NAR goes a step further to say that there is a direct correlation between “foot traffic” and “pending contracts/closed sales one to two months later”.

Bottom Line

The real estate market has done well to recover from the slow start we experienced due in part to the inclement weather at the beginning of 2014.  But with those winter months right around the corner, now may be the best time to get the best price.

Contact The J Team today for a real estate consultation today! 


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8 comments:

  1. Alice GrayAugust 21, 2019 at 5:34 AM

    Thanks for nice share! For many, selling their home, and especially pricing it for a sale, can be quite emotional. Besides the memories, there are all types of investments that have invested into the home (from sweat to time to money and especially the emotion).

    ReplyDelete
  2. Alice GrayAugust 21, 2019 at 5:36 AM

    Reference:
    - Factors that affect the value of your house - HOMEiA
    - Learn how to sell your house
    - Home selling process: 12 steps to sell your house you should know

    ReplyDelete
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