14,904 Homes Sold Yesterday… Did Yours?

If you tried to sell, and it didn’t work – this can be a painful topic. I work with sellers every day who had a bad experience, yet we find successful solutions to accomplish their goals. In my consultation, I often find missing gaps in service and guidance that positioned the home incorrectly in the micro-market for that particular property, and without the proper pricing and marketing to optimize results.

For Philadelphia County, in June 1,634 single family homes sold vs 1,585 in June 2016. Inventory accumulation was 4 months vs 5 months in 2016. To get an idea of where the most buyer activity is download the Philadelphia June 2017 Buyer Activity Report.

14,904!

This is the average number of homes that sell each and every day in this country, according to the National Association of Realtors’ (NAR) latest Existing Home Sales Report.NAR reported that sales are at an annual rate of 5.44 million. Divide that number by 365 (days in a year) and we can see that, on average, over 14,904 homes sell every day.

The report from NAR also revealed that there is currently only a 4.2-month supply of inventory available for sale (6-months inventory is considered ‘historically normal’).

This means that there are not enough homes available for sale to satisfy all of the buyers who currently are out in the market in record numbers.

With rapidly changing market “currents” it’s important to take an honest look at what options are available for you today, and then make an informed decision about whether to sell or hold onto the property.  For the complete article – click here, then let’s talk!

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