[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f2xkfrljcnh4ht":3,"$f2emv3tus0uf1":33,"$fbwk2pqjjqsc7":37},{"item":4,"previous":23,"next":28},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":21,"updatedAt":22},77,"nar-reports-reveal-two-reasons-to-sell-now","NAR Reports Reveal Two Reasons to Sell Now","\r\n\r\nWe all realize that the best time to sell anything is when demand is high and the supply of that item is limited. The last two major reports issued by the National Association of Realtors (NAR) revealed information that suggests that now may be t...","","blog","https:\u002F\u002F\u002F","\u003Cimg class=\"alignnone size-full wp-image-31072\" src=\"https:\u002F\u002Fwww.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2014\u002F07\u002FSupply-Demand.jpg\" alt=\"NAR Reports Reveal Reasons to Sell Now | Keeping Current Matters\" width=\"600\" height=\"315\" \u002F>\r\n\r\nWe all realize that the best time to sell anything is when demand is high and the supply of that item is limited. The last two major reports issued by the \u003Cem>National Association of Realtors\u003C\u002Fem> (NAR) revealed information that suggests that now may be the best time to sell your house. Let’s look at the data covered by the latest \u003Ca href=\"http:\u002F\u002Fwww.realtor.org\u002Fnews-releases\u002F2014\u002F06\u002Fpending-home-sales-surge-in-may\">Pending Home Sales Report\u003C\u002Fa> and \u003Ca href=\"http:\u002F\u002Fwww.realtor.org\u002Fnews-releases\u002F2014\u002F06\u002Fexisting-home-sales-heat-up-in-may-inventory-levels-continue-to-improve\">Existing Home Sales Report\u003C\u002Fa>.\r\n\u003Ch3>\u003Cstrong>THE PENDING HOME SALES REPORT\u003C\u002Fstrong>\u003C\u002Fh3>\r\nThe report announced that pending home sales (homes going into contract) “surged” by 6.1%. The increase was \u003Cem>“the largest month-over-month gain since April 2010, when first-time home buyers rushed to sign purchase contracts before a popular tax credit program ended”\u003C\u002Fem>.\r\n\r\nLawrence Yun, \u003Cem>NAR\u003C\u002Fem>’s chief economist, expects improving home sales throughout the rest of the year:\r\n\r\n\u003Cem>“Sales should exceed an annual pace of five million homes in some of the upcoming months behind favorable mortgage rates, more inventory and improved job creation.” \u003C\u002Fem>\r\n\r\n\u003Cstrong>\u003Cem>Takeaway\u003C\u002Fem>\u003C\u002Fstrong>\u003Cstrong>\u003Cem>: \u003C\u002Fem>\u003C\u002Fstrong>Demand is beginning to increase dramatically compared to earlier in the year.\r\n\u003Ch3>\u003Cstrong>THE EXISTING HOME SALES REPORT\u003C\u002Fstrong>\u003C\u002Fh3>\r\nThe most important data point revealed in the report was not sales but instead the inventory of homes on the market (supply). The report explained:\r\n\u003Cul>\r\n\t\u003Cli>Total housing inventory climbed 2.2 percent to 2.28 million homes available for sale\u003C\u002Fli>\r\n\t\u003Cli>That represents a 5.6-month supply at the current sales pace\u003C\u002Fli>\r\n\t\u003Cli>Unsold inventory is 6.0 percent higher than a year ago\u003C\u002Fli>\r\n\u003C\u002Ful>\r\nThere were two more interesting comments made by Yun in the report:\r\n\r\n\u003Cem>1.)   \u003C\u002Fem>\u003Cem>“Rising inventory bodes well for slower price growth and greater affordability, but the amount of homes for sale is still modestly below a balanced market.” \u003C\u002Fem>\r\n\r\nIn real estate, there is a guideline that often applies. When there is less than 6 months inventory available, we are in a sellers’ market and we will see appreciation. Between 6-7 months is a neutral market where prices will increase at the rate of inflation. More than 7 months inventory means we are in a buyers’ market and should expect depreciation in home values.\r\n\r\nAs Yun notes, we are currently in a sellers’ market (prices still increasing) but are headed to a neutral market.\r\n\r\n\u003Cem>2.)   \u003C\u002Fem>\u003Cem>New home construction is still needed to keep prices and housing supply healthy in the long run.” \u003C\u002Fem>\r\n\r\nAs new construction begins to be built, there will be increased downward pressure on the prices of existing homes on the market.\r\n\r\n\u003Cstrong>\u003Cem>Takeaway\u003C\u002Fem>\u003C\u002Fstrong>\u003Cstrong>\u003Cem>: \u003C\u002Fem>\u003C\u002Fstrong>Supply is about to increase significantly. The supply of existing homes is already increasing and the number of newly constructed homes is about to increase.\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nIf you are going to sell, now may be the time.","\r\nIf you are going to sell, now may be the time.","https:\u002F\u002Fwww.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2014\u002F07\u002FSupply-Demand.jpg",false,[17],{"id":18,"name":19,"slug":20},6,"For Sellers","sellers","2014-07-03T10:00:07Z","2014-07-02T14:55:23Z",{"id":24,"slug":25,"title":26,"featuredImage":11,"publishedAt":27,"contentType":10,"isVideo":15},76,"buying-a-home-know-all-your-options","Buying a Home? Know ALL Your Options","2014-07-02T10:00:55Z",{"id":29,"slug":30,"title":31,"featuredImage":11,"publishedAt":32,"contentType":10,"isVideo":15},78,"homeownership-still-the-american-dream-infographic","Homeownership Still the American Dream [INFOGRAPHIC]","2014-07-04T07:00:39Z",{"cover":34,"open":35,"shareSpread":36},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Magazine-original.png",[38,42,46,47,51,55,59,63,67,71,75,79,83,87,91,95,99,103,107,111,115,119,123,127,131,135,139,143,147,151],{"id":39,"name":40,"slug":41},1,"Uncategorized","uncategorized",{"id":43,"name":44,"slug":45},5,"For Buyers","buyers",{"id":18,"name":19,"slug":20},{"id":48,"name":49,"slug":50},7,"Foreclosures","foreclosures",{"id":52,"name":53,"slug":54},8,"Infographics","infographics",{"id":56,"name":57,"slug":58},9,"Home Prices","home-prices",{"id":60,"name":61,"slug":62},11,"First-Time Buyers","first-time-buyers",{"id":64,"name":65,"slug":66},34,"Senior Market","senior-market",{"id":68,"name":69,"slug":70},35,"Mortgage Rates","mortgage-rates",{"id":72,"name":73,"slug":74},38,"Move-Up","move-up",{"id":76,"name":77,"slug":78},41,"For Sale by Owner","for-sale-by-owner",{"id":80,"name":81,"slug":82},42,"Featured","featured",{"id":84,"name":85,"slug":86},45,"New Construction","new-construction",{"id":88,"name":89,"slug":90},52,"Luxury \u002F Vacation","luxury--vacation",{"id":92,"name":93,"slug":94},53,"Rent vs. Buy","rent-vs-buy",{"id":96,"name":97,"slug":98},80,"Time-sensitive","time-sensitive",{"id":100,"name":101,"slug":102},81,"Outdated","outdated",{"id":104,"name":105,"slug":106},147,"Internal","internal",{"id":108,"name":109,"slug":110},148,"Do Not Autopost","do-not-autopost",{"id":112,"name":113,"slug":114},320,"Inventory","inventory",{"id":116,"name":117,"slug":118},321,"Agent Value","agent-value",{"id":120,"name":121,"slug":122},322,"Affordability","affordability",{"id":124,"name":125,"slug":126},323,"Buying Tips","buying-tips",{"id":128,"name":129,"slug":130},324,"Downsize","downsize",{"id":132,"name":133,"slug":134},325,"Economy","economy",{"id":136,"name":137,"slug":138},326,"Equity","equity",{"id":140,"name":141,"slug":142},327,"Forecasts","forecasts",{"id":144,"name":145,"slug":146},328,"Selling Tips","selling-tips",{"id":148,"name":149,"slug":150},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":152,"name":153,"slug":154},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]