The current increase in home values can be easily explained by the theory of supply and demand. Right now, the number of families looking to purchase a home is greater than the supply of homes on the market.
Here is a chart that explains how the months’ supply of housing inventory impacts home values:
According to the latest Existing Home Sales Report from the National Association of Realtors, there is currently a four-month supply of inventory. That puts us in the blue section of the above graphic. Home prices should be appreciating.
There is a major advantage to bring your home to market now.
If you are considering selling your home and are looking for a quality agent, I can assist you in preparing a no obligation in-depth market study and evaluation to help you decide if it’s the right time to sell now.
The opinions expressed here within are my own completely independent of BHGRE Coccia Realty and its owners and subsidiaries.
Thinking of buying or selling a home? Contact me for a Real Estate consultation. My information is below. I look forward to hearing from you.
Best Regards,
Ray
__ “Sell Your Home Today With Ray!”
Raymond Ciampaglia, Realtor®
Phone : (201) 939-8900
Email : ray@mycoccia.com
Ray’s Website: http://njray.realtor
Ray’s Social Media Profiles: http://itsmyurls.com/njrealtorray
What’s my Home Worth Ray? http://ray.betteragents.com/sell
Company Website: http://www.cocciarealty.com
Better Homes and Gardens Real Estate | Coccia Realty
424 Valley Brook Ave | Lyndhurst, NJ 07071
Office: (201)939-8900 | Fax: (201)939-8910
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