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#1 Reason to List Your House for Sale, NOW! | Kris and Kimberly Darney

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#1 Reason to List Your House for Sale, NOW!

If you’re debating listing your house for sale, here’s the #1 Reason to List Your House for Sale, NOW!

#1 Reason to List Your House for Sale, NOW!

#1 Reason to List Your House for Sale, NOW! Buyer Demand Continues to Outpace the Supply of Homes for Sale

The National Association of REALTORS’ (NAR) Chief Economist Lawrence Yun recently commented on the inventory:

Last month’s dip in closings was somewhat expected given that there was such a strong sales increase in March at 4.2 percent. New and existing inventory is not keeping up with the fast pace homes are coming off the market.

Demand is easily outstripping supply in most of the country. It’s stymieing many prospective buyers from finding a home to purchase”.

The latest Existing Home Sales Report shows that there is currently a 4.2-month supply of homes for sale. This remains lower than the 6-month supply necessary for a normal market, and 4.6% lower than a year ago.

The chart below details the year-over-year inventory shortages experienced over the last 12 months:

Anything less than a six-month supply is considered a “seller’s market.

Bottom Line

Let’s get together and discuss the supply conditions in your neighborhood.  We’re able to assist you in gaining access to the buyers who are ready, willing and able to buy now!

Kris and Kim Darney – REALTORS® – Grandparents – 714.657.6634 – CA BRE# 01930954; 01464957; 01458057

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Are You 1 of the 59 Million Planning to Buy This Year?

Are You 1 of the 59 Million Planning to Buy This Year? According to a survey conducted by Bankrate.com, one in four Americans are considering buying a home this year. As a result, if this statistic proves to be true, 59 million people will be looking to buy a home in...

Do You Know the Real Cost of Renting vs. Buying? [INFOGRAPHIC]

Do You Know the Real Cost of Renting vs. Buying? [INFOGRAPHIC]

Historically, the choice between renting or buying a home has been a close decision.
Looking at the percentage of income needed to rent a median-priced home today (30%), vs. the percentage needed to buy a median-priced home (15%), the choice becomes obvious.
Every market is different. Before you renew your lease again, find out if you could use your housing costs to own a home of your own!

92506 Real Estate Sales Year In Review Canyon Crest California

92506 Real Estate Sales Year In Review Canyon Crest California

It’s that time of year when we review the 2016 real estate market in Riverside Canyon Crest California, specifically the 92506 zip code. We look at all factors. From average sold price, average days on market to the number of homes listed and as a result, we’re looking at a good 2017. Home prices are up and inventory is down consequently we’ll likely see an increase in home prices.

91784 A Real Estate Sales Year In Review for Upland California

91784 A Real Estate Sales Year In Review for Upland California

It’s that time of year when we review the 2016 real estate market in Upland California, specifically the 91784 zip code. We look at all factors. From average sold price, average days on market to the number of homes listed and as a result, we’re looking at a good 2017. Home prices are up and inventory is down consequently we’ll likely see an increase in home prices.

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