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    TARESSA SPRICK

    TEAM

     

    homes@taressasprick.com

    (616) 218-9026

    171 College Ave
    Holland, MI  49423

    Hurry Up and List Your Home Today!

    June 23, 2016

    |

    KCM Crew

     

    That 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.

     

    Bottom Line
     

    With demand increasing and supply dropping, this may be the perfect time to get the best price for your home. Contact a local real estate professional today to see whether that is the case in your neighborhood.

     

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