NAR: Buyer traffic up 29% from a year ago

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We all realize that the best time to sell anything is when demand for that item is high, and the supply of that item is limited. Two major reports released by the National Association of Realtors (NAR) revealed information that suggests that now is a great time to sell your house. Let’s look at the data covered in the latest REALTORS Confidence Index and Existing Home Sales Report.

Sales fell 4.1 percent in September from a year ago. "Without a doubt there is a clear shift in the market," said Lawrence Yun, chief economist at the National Association of Realtors. is.

The percentage of first-time buyers increased from 29% in January to 32%, and equal to the percentage in February 2018.. up 2.5% from a year ago.. National Association of Realtors, Research. U.S. Existing Home Sales Fall to Slowest Pace Since Late 2015 The median sales price rises 2.8 % from a year ago, the smallest increase since February 2012.

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NAR’s report noted that properties stayed on the market for 37 days in February, which is down from 41 days in January and 45 days a year ago and 46% of homes sold last month were on the market for.

 · U.S. pending home sales fell 2.6% in August. It’s the index’s lowest point since a 106.1 reading in January of 2016 and 2.6% lower than a year ago. Pending sales contracts are a barometer of future purchases. Sales are typically completed a month or two after a contract is signed.

The fastest inventory growth was found in condominiums and townhomes, which are now up 7 percent year-over-year, but single family homes are growing at a faster pace than last month, now growing.

“While the good news is that Realtors in most areas are saying buyer traffic is even. 9.5 percent below a year ago. The median price in the West was $362,600, up 8.8 percent from January 2017.” NAR.

table of contents 3 5 reasons to sell this winter 6 don’t wait! move up to the house you always wanted 12 the importance of using an agent when selling your home 14 5 reasons you shouldn’t for sale by owner (fsbo) 7 home prices over the last year buyer demand continues to outpace inventory of homes 8 for sale