If you are debating listing your house for sale in Redding this year, here is the #1 reason not to wait!
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. New and existing inventory is not keeping up with the fast pace homes are coming off the market."
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.
See all homes currently for sale in Redding and Shasta County at www.reddinghomes.com
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”.
If you've thought of listing your home in Redding for sale, let's get together and discuss the supply conditions in your specific neighborhood. We will assist in gaining access to the buyers who are ready, willing and able to buy now! Please feel free to contact me at 530-222-3800 or email me directly at firstname.lastname@example.org.