Have You Thought About Why You Might Want To Sell Your House?

Some Highlights

The Importance of Pre-Approval

The Importance of Pre-Approval

 

Getting pre-approved is an important first step towards buying a home. Let’s connect so you have the right tools to buy a home in today’s market.

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Number of Homes for Sale Up from Last Year, but Below Pre-Pandemic Years

Number of Homes for Sale Up from Last Year, but Below Pre-Pandemic Years | MyKCM

The biggest challenge in the housing market right now, and likely for years to come, is how few homes there are for sale compared to the number of people who want to buy. That’s why, if you’re thinking about selling your house, this is a great time to do so. Your house would be welcome in a market that has fewer homes for sale than it did in the years leading up to the pandemic.

According to the latest Monthly Housing Market Trends Report from realtor.com:

“There were 65.5% more homes for sale in January compared to the same time in 2022. This means that there were 248,000 more homes available to buy this past month compared to one year ago. While the number of homes for sale is increasing, it is still 43.2% lower than it was before the pandemic in 2017 to 2019. This means that there are still fewer homes available to buy on a typical day than there were a few years ago.”

The graph below shows how today’s inventory of homes for sale compares to recent years:

What Does This Mean for You?

Fewer homes for sale means buyers have fewer choices than they did prior to the pandemic—and that frustration is leading some to give up on the homebuying process altogether. But with mortgage rates sitting lower than they were at the peak last fall, more buyers are willing to come back into the process—they just need to find homes to buy. This is welcome activity for the spring market, especially if you’re thinking of selling your house.

With a renewed interest in buying a home for many, the New York Times (NYT) reports:

“Home buyers are edging back into the market after being sidelined last year . . .”

So, if you want to take advantage of a sweet spot in the market, this spring could be your shot.

Bottom Line

The housing market needs more homes for sale to meet the demand of today’s buyers. If you’ve thought about selling, now’s the time for us to connect and get ready for you to make a move this spring.

October 2018 Home Sales Zip Code 36117 Montgomery, Montgomery County

These were the existing Homes for Sale October 2018 for Zip Code 36117 in Montgomery including subdivisions Montgomery East, Eastern Oaks, Halcyon, Halcyon Summit, Copperfield, Dexter Ridge, Woodmere, Bellwood, Thorington Trace, Deer Creek, Lake Forest, Arrowhead, Towne Lake, Somerset, Wynridge,and Wynlakes. How to use: Find the Price Range in which your home falls. This will show the number of active listings (your competition if you are selling), the number of homes that closed in the last 90 days, the number of homes that close on average in a month, the Percentage Closed Monthly (the likelihood that one home will close in a month), and the Months of Inventory (how many months worth of homes to sell if no other homes come on the market). A high Months of Inventory figure indicates a better chance for a bargain if you are buying. For a personalized report, feel free to contact me.
ChaHome Sales Zip Code 36117 Montgomery Montgomery Countyrt October 2018

October 2018 Home Sales Zip Code 36109 Montgomery, Montgomery County

These were the existing Homes for Sale October 2018 for Zip Code 36109 in Montgomery including subdivisions Forest Hills, Lakeview Heights, Dalraida, Johnstown, Morningview, Bell Hurst, County Downs, Fox Hollow, College Gove, Pecan Grove and Carol Villa. How to use: Find the Price Range in which your home falls. This will show the number of active listings (your competition if you are selling), the number of homes that closed in the last 90 days, the number of homes that close on average in a month, the Percentage Closed Monthly (the likelihood that one home will close in a month), and the Months of Inventory (how many months worth of homes to sell if no other homes come on the market). A high Months of Inventory figure indicates a better chance for a bargain if you are buying. For a personalized report, feel free to contact me.
Chart October 2018 Home Sales Zip Code 36109 Montgomery Montgomery County

October 2018 Home Sales Zip Code 36093 Redland Wetumpka, Elmore County

These were the existing Homes for Sale in October 2018 for Zip Code 36093 in Redland, Wetumpka, and Elmore County including the subdivisions Emerald Mountain, Blue Ridge, Mitchell Creek Estates, Grand Ridge, Jasmine Hill, Stonegate, Windsong Ridge, Wildwood, Harrogate Springs, Jackson Trace, and Brookwood. How to use: Find the Price Range in which your home falls. This will show the number of active listings (if you are selling this is your competition), the number of homes that closed in the last 90 days, the number of homes that close on average in a month, the Percentage Closed Monthly (the likelihood that one home will close in a month), and the Months of Inventory (how many months worth of homes to sell if no other homes come on the market). A high Months of Inventory figure would indicate a chance of a better bargain for a buyer. For a personalized report, feel free to contact me.
Chart October 2018 Home Sales Zip Code 36093 Redland Wetumpka Elmore County

October 2018 Home Sales Zip Code 36092 Wetumpka, Elmore County

These were the existing Homes for Sale October 2018 for Zip Code 36092 in Wetumpka, Holtville, Dozier, Wallsboro, Lake Jordan and Elmore County including subdivisions Cotton Lakes, Jordan Trace, River Oaks, Macon Place, Cherokee Estates, Stone River, Country Club Estates, Cadens Creek, and Foxfire. How to use: Find the Price Range in which your home falls. This will show the number of active listings (your competition if you are selling your home), the number of homes that closed in the last 90 days, the number of homes that close on average in a month, the Percentage Closed Monthly (the likelihood that one home will close in a month), and the Months of Inventory (how many months worth of homes to sell if no other homes come on the market). A high Months of Inventory figure indicates a better chance of a bargain if you are buying. For a personalized report, feel free to contact me.
Chart October 2018 Home Sales Zip Code 36092 Wetumpka Elmore County

October 2018 Home Sales Zip Code 36067 Prattville, Autauga County

These were the existing Homes for Sale October 2018 for Zip Code 36067 in Prattville and Autauga County including subdivisions Camellia Estates, Live Oak, The Oaks of Buena Vista, Aspen Ridge, Bridge Creek Reserve, and Hearthstone How to use: Find the Price Range in which your home falls. This will show the number of active listings (your competition if you are selling), the number of homes that closed in the last 90 days, the number of homes that close on average in a month, the Percentage Closed Monthly (the likelihood that one home will close in a month), and the Months of Inventory (how many months worth of homes to sell if no other homes come on the market). A high Months of Inventory figure means a better chance of a bargain for a buyer. For a personalized report, feel free to contact me.
Chart October 2018 Home Sales Zip Code 36067 Prattville Autauga County

October 2018 Home Sales Zip Code 36066 Prattville, Autauga County

These were the existing Homes for Sales October 2018 for Zip Code 36066 in Prattville and Autauga County including subdivisions Greystone, Riverchase, Woodland Heights, Silver Hills, Eastwood, The Homeplace, and The Villas at Brookstone. How to use: Find the Price Range in which your home falls. This will show the number of active listings (your competition if you are selling), the number of homes that closed in the last 90 days, the number of homes that close on average in a month, the Percentage Closed Monthly (the likelihood that one home will close in a month), and the Months of Inventory (how many months worth of homes to sell if no other homes come on the market). A high Months of Inventory figure means a better bargain for buyers. For a personalized report, feel free to contact me.
Chart October 2018 Home Sales Zip Code36066 Prattville Autauga County

October 2018 Home Sales Zip Code 36064 Pike Road, Montgomery County

These were the existing Homes for Sale October 2018 for Zip Code 36064 for Pike Road and eastern Montgomery County including subdivisions Boykin Lakes, Bon Terre, Woodland Creek, Bridle Brook, Avalon, Merrywood, Foxwood, Providence, The Orchards, Waterscapes, and The Waters. How to use: Find the Price Range in which your home falls. This will show the number of active listings (your competition if you are selling), the number of homes that closed in the last 90 days, the number of homes that close on average in a month, the Percentage Closed Monthly (the likelihood that one home will close in a month), and the Months of Inventory (how many months worth of homes to sell if no other homes come on the market). A high Months of Inventory figure indicates a chance for a better bargain for a buyer. For a personalized report, feel free to contact me.
Chart October 2018 Home Sales Zip Code 36064 Pike Road Montgomery County