In its simplest terms, the real estate market can be seen as a process of supply and demand. While an abundance of supply favors buyers, limited inventory helps sellers. In a normal market, a five- to seven-month supply is considered to be balanced. However, in most cases, recent and current supplies have hovered between the four- and five-month mark. This means that it would take between four and five months for all available inventory to sell, which would seem to favor sellers. However, it should be noted that sellers quickly become buyers as soon as they sell their homes. The good news is that home construction is picking up and inventories are increasing, making the current conditions near perfect for sellers.
If you are considering the sale of your property, think about doing so in the near future. Current real estate conditions are favorable for sellers. Why not make the best return for your real estate investment? Contact me today. I will provide you with a free market analysis and individualize a strategic marketing plan for you. The office is conveniently located at 1199 Amboy Ave., Edison.
HINT: It never hurts for those considering sell- ing their homes to ask a real estate agent for a free market analysis that will fully detail what they might expect their home to sell for.