Existing Home Sales Rebound in December

Existing Home Sales Rebound - Josh Barker Real Estate Advisors

The National Association of Realtors (NAR) just released their latest Existing Home Sales Report on Friday. Sales of existing homes rose by the largest increase ever recorded as they rebounded 14.7% over November’s numbers and now stand at 7.7% higher than a year ago. While this is great news for the housing market, let’s take a look at one of the main reasons why there was such a large increase in sales. This figures are based on a national level of inventory. The chart below shows Shasta County’s Inventory in 2015.

Absorption Rate in Months - Josh Barker Real Estate Advisors

Low inventory levels mean the buyer demand remains strong and competition for the homes that are on the market continues to rise. If you are considering listing your home for sale in 2016, now is the time! With inventory so low, listing your home for sale before the busy spring buying season will give you the most exposure to buyers and allow you to get the best price for your home.

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