If you’ve been thinking about selling your Charlotte home, now is the time. Inventory is hitting record-lows which means buyers are clamoring for the perfect house. Spring/summer 2013 is set to be a perfect storm for sellers: there isn’t a deluge of inventory but there are more willing buyers than there have been in years.
If you’re considering selling your house, contact Leigh Bryant at On the Move Charlotte to talk specifics today. Leigh is a listing specialist which means she’s well-versed on market prices, available inventory, and knowing how to move your Charlotte home.
1. Inventory is lower than it’s been in years.
Take a look at this graph. The bottom line represents the month of April in any given year while the left-hand side essentially lists the ratio of houses that are “left over” on the market after all the sales are tallied each month. In April 2011 the ratio was about 11 houses…in April 2013 that ratio is closer to 6.7.
2. More people can afford homes.
The Housing Affordability Index is the number brokers around the state use to compare the average price of homes in the region with the buying power of those looking to purchase. The higher the number, the more “affordability” the market has, which is a good thing for sellers looking for a wide market.
3. Sellers are getting more for their house.
In the last few months, sellers have been getting relatively more for their homes than this time last year. On average, sellers are now receiving around 93% of list price…in 2011 that number was closer to 90%. When talking about hundreds of thousands of dollars, 3% can make a substantial difference to a seller.
4. The average list price is on the rise.
On average, homes are being listed for almost 10% more this April than they were at the same time in 2011. That’s a huge difference, and one that can tip the scales towards time to sell. But beware: housing prices won’t keep skyrocketing forever, and all signs point to now being the time to sell to maximize profit while minimizing time on the market.
5. Leigh Bryant is ready to sell your home.
Leigh knows the Charlotte market like the back of her hand and she’s telling all her potential sellers that now’s the time to strike. If you’ve been thinking about putting your Charlotte home on the market, call Leigh at 704.516.3318 today to talk about your options. Leigh is part of the On the Move Charlotte team at Keller Williams South Park and would love the opportunity to help you sell your home!