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The #1 Reason to Put Your House on The Market TODAY!

 

The National Association of Realtors (NAR) released the results of their latest Existing Home Sales Report which revealed that home sales declined 0.6% to a seasonally adjusted annual rate of 5.38 million in June from 5.41 million in May, and are 2.2% below a year ago. Some may look at these numbers and think that now is a bad time to sell their house, but in fact, the opposite is true.

The national slowdown in sales is directly tied to a lack of inventory available for the buyers who are out in the market looking for their dream homes! In fact, the inventory of homes for sale had fallen year-over-year for 36 consecutive months before posting a modest 0.5% gain last month and has had an upward impact on home prices.

NAR’s Chief Economist Lawrence Yun had this to say,

“It’s important to note that despite the modest year-over-year rise in inventory, the current level is far from what’s needed to satisfy demand levels. Furthermore, it remains to be seen if this modest increase will stick, given the fact that the robust economy is bringing more interested buyers into the market, and new home construction is failing to keep up.”

The few houses that are on the market are selling fast! According to NAR’s Realtors Confidence Index, properties were typically on the market for 26 days.

Bottom Line

If you are one of the many homeowners who is debating listing your house for sale this year, the time is now! Meet with a local real estate professional who can guide you through the process and discuss the specifics of your market!

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Hugh Williams

Hugh is a life long resident of the State of Florida, and is pleased to reside in the beautiful seaside community of Amelia Island. A graduate of University of Florida with High Honors and a major in Business, Hugh also went on to attend the Dick Grove School of Music and the Guitar Institute of Technology in Los Angeles. With his long-time friend and business partner, Dee Chaplin, he is proud that they have achieved the reputation and status of owning and operating a top producing Berkshire Hathaway HomeServices real estate franchise on beautiful Amelia Island. Together they have supported the community by raising thousands of dollars for local charities and by founding the Amelia Island Beach Walk. Hugh's personal interests include playing guitar, home recording, fishing, golfing and real estate investing. For a highly qualified Professional Realtor, look to Hugh Williams. His background in business and knowledge of the local market makes him the Realtor of Choice on Amelia Island, Florida.

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