2016

Hurry Up and List Your House TODAY!!

This headline might be a little aggressive!

However, as the data on the 2016 housing market begins to roll in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME!

The May numbers are not in yet, but the April numbers were sensational.

Jonathon Smoke, Chief Economist at realtor.com, explained:

“We had a triple crown of April home sales reports, so 2016 is in the pole position to earn best year of home sales in a decade.”

And Freddie Mac also expressed a tremendous optimism regarding home sales for the rest of the summer:

“Home sales typically rise in the spring and summer months, and we anticipate acceleration in home sales that will surpass 2007’s pace by late summer.”

The only challenge to the market is a severe lack of inventory. A balanced market would have a full six-month supply of homes for sale. Currently, there is less than a five-month supply of inventory. This represents a decrease in supply of 3.6% from the same time last year.

What does this mean?

Home Prices are on the RISE~

Bottom Line
With demand increasing and supply dropping, this may be the perfect time to get the best price for your home. Let’s get together to discuss what is happening in your neighborhood!

Call The Militello Team today and put their 40 year's of experience to work for you! We sell homes North of Boston in Essex County on the North Shore.