NAR Reports Show It’s A Great Time to Sell!

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We all realize that the best time to sell anything happens when the demand for that item is high and supply of that item is limited. The last two major reports issued by the National Association of Realtors (NAR) shows that there is a good time to sell your home right now.
Take a look at the latest Pending Home Sales report and the data contained in the existing Home Sales Report.

 THE PENDING HOME SALES REPORT
It has been announced in the report that pending domestic sales (contracts in the house) are 2.3% below the previous year and declines on annual basis for seven straight months.

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

“Last year's sales are declining that with the development of strong jobs, in the years of inadequate supply in the markets, home prices have finally been increased to a point where the growing number of potential buyers is unable to afford it. " Read continue

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