Thinking Of Selling? You Should Do It TODAY!


That headline might be a little aggressive; however, as August 2017’s housing market data begins to roll in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME TODAY!

In a recent article by CBS News, they explained that the number of existing home sales is shrinking, and Lawrence Yun, Chief Economist for the National Association of Realtors, said:

“There should be 3 million homes on the market right now…Yet, there are only 1.9 million.”

And this situation will be affected greatly by recent natural disasters. Yun continued by saying:

“Before the hurricanes I would have predicted 1.35 million in new-home construction in 2018…I’ll have to scale that down now.”

NAR, in their August 2017 Realtors® Confidence Index , indicated that:

“Amid sustained job creation and sustained historically low mortgage rates, REALTORS® reported…that buyer demand is stronger compared to conditions one year ago… and that fifty percent of properties were on the market for less than one month when sold.”

The only challenge to today’s market is a severe lack of inventory. A balanced market would have a full six-month supply of homes for sale. Currently, there is only a 4.2-month supply of inventory, which is down from 4.5 months one year ago.

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 and discuss the inventory levels in your neighborhood to determine your next steps.


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Lexington Ky Real Estate Pros, The Real Estate Agency Weesner Realty Team are one of the highest-rated local groups on Zillow. With a company focus on Web, Mobile, Social plus a premium listing on realtor.com, Trulia and Zillow, the Weesner Realty Team is Lexington Kentucky's Real Estate Group. The best Lexington Ky Real Estate company with the pulse on the Lexington Ky Real Estate market. Top real estate agents rated highly on Zillow in the Lexington Ky Real Estate market. If you are looking for an agent or company in Lexington, The Weesner Team should be a great fit. With the Weesner Agent/Brokers we can evaluate recent foreclosures, for sale by owner in Lexington Ky, and off-market listings. We have relationships when it comes to real estate agencies,real estate agents, real estate appraisers, real estate consultants, real estate developers, and commercial real estate needs. We are the real estate broker/agency for Lexington Ky Real Estate