[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f2tib37ppsqq9y":3,"$f2emv3tus0uf1":35,"$fbwk2pqjjqsc7":39},{"item":4,"previous":23,"next":29},{"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},1460,"existing-home-sales-report-indicates-now-is-a-great-time-to-sell","Existing-Home Sales Report Indicates Now Is a Great Time to Sell","Based on the current state of the market, trends are shifting in favor of sellers. If you are going to sell, now may be the time to take advantage of the number of buyers who are searching for their dream home.","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2019\u002F10\u002F07131521\u002F20191014-Share-KCM.jpg","Based on the current state of the market, trends are shifting in favor of sellers. If you are going to sell, now may be the time to take advantage of the number of buyers who are searching for their dream home.\u003C!--more-->\r\n\r\nThe best time to sell anything is when demand for that item is high and the supply of that item is limited. The latest \u003Ca href=\"https:\u002F\u002Fwww.nar.realtor\u002Fnewsroom\u002Fexisting-home-sales-increase-1-3-in-august\">\u003Cem>Existing-Home Sales Report\u003C\u002Fem>\u003C\u002Fa> released by the \u003Cem>National Association of Realtors \u003C\u002Fem>(NAR), reveals that demand for housing continues to be strong, but the supply is struggling to keep pace. With this trend likely continuing throughout 2020, now is a great time to sell your house.\r\n\u003Ch4>\u003Cstrong>THE EXISTING-HOME SALES REPORT\u003C\u002Fstrong>\u003C\u002Fh4>\r\nThe most important data revealed in \u003Ca href=\"https:\u002F\u002Fwww.nar.realtor\u002Fnewsroom\u002Fexisting-home-sales-increase-1-3-in-august\">this report\u003C\u002Fa> was not actually sales. In reality, it was the \u003Cem>inventory \u003C\u002Fem>of homes for sale (supply). The report explained:\r\n\u003Cul>\r\n \t\u003Cli>Total housing inventory at the end of August \u003Cstrong>decreased 2.6% to 1.86 million\u003C\u002Fstrong> homes available for sale.\u003C\u002Fli>\r\n \t\u003Cli>Unsold inventory is lower than the 4.3-month figure recorded in August 2018.\u003C\u002Fli>\r\n \t\u003Cli>This represents a \u003Cstrong>4.1-month supply\u003C\u002Fstrong> at the current sales pace.\u003C\u002Fli>\r\n\u003C\u002Ful>\r\nAccording to Lawrence Yun, \u003Cem>Chief Economist \u003C\u002Fem>at NAR,\r\n\u003Cblockquote>\u003Cem>“Sales are up, but inventory numbers remain low and are thereby pushing up\r\nhome prices.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nIn real estate, there is a simple guideline that often applies here. Essentially, when there is less than a 6-month supply of inventory available, we are in a seller’s market and we will see greater appreciation. Between a 6 to 7-month supply is a neutral market, where prices will increase at the rate of inflation. More than a 7-month supply means we are in a buyer’s market and can expect depreciation in home values (see below):\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2019\u002F10\u002F20191014-MEM.jpg\">\u003Cimg class=\"aligncenter wp-image-40956\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2019\u002F10\u002F20191014-MEM.jpg\" alt=\"Existing-Home Sales Report Indicates Now Is a Great Time to Sell | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>As we mentioned before, there is currently a \u003Cstrong>4.1-month supply \u003C\u002Fstrong>of homes on the market, and houses are going under contract fast. \u003Cem>The Existing Home Sales Report\u003C\u002Fem> also shows that 49% of properties were on the market for\u003Cstrong> less than a month \u003C\u002Fstrong>when they were sold. In August, properties sold nationally were typically\u003Cstrong> on the market for 31 days. \u003C\u002Fstrong>As Yun notes, this should continue,\r\n\u003Cblockquote>\u003Cem>“As expected, buyers are finding it hard to resist the current rates…The desire to take advantage of these promising conditions is leading more buyers to the market.”\u003C\u002Fem>\u003Cstrong> \u003C\u002Fstrong>\u003C\u002Fblockquote>\r\n\u003Cstrong>Takeaway: \u003C\u002Fstrong>Inventory of homes for sale is still well below the 6-month supply needed for a normal market, and supply will fail to catch up with demand if a sizable supply does not enter the market.\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nIf you are going to sell, now may be the time to take advantage of the ready, willing, and able buyers who are out there searching for your house to become their dream home.","\r\nIf you are going to sell, now may be the time to take advantage of the ready, willing, and able buyers who are out there searching for your house to become their dream home.","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2019\u002F10\u002F20191014-MEM.jpg",false,[17],{"id":18,"name":19,"slug":20},6,"For Sellers","sellers","2019-10-14T10:00:25Z","2019-10-15T15:01:57Z",{"id":24,"slug":25,"title":26,"featuredImage":27,"publishedAt":28,"contentType":10,"isVideo":15},1459,"what-you-need-to-know-about-the-mortgage-process-infographic-3","What You Need to Know About the Mortgage Process [INFOGRAPHIC]","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2019\u002F10\u002F02134210\u002F20191011-Share-KCM.jpg","2019-10-11T10:00:10Z",{"id":30,"slug":31,"title":32,"featuredImage":33,"publishedAt":34,"contentType":10,"isVideo":15},1461,"be-on-the-lookout-for-gen-z-the-next-generation-of-homebuyers","Be on the Lookout for Gen Z: The Next Generation of Homebuyers ","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2019\u002F10\u002F04150248\u002F20191015-Share-KCM.jpg","2019-10-15T10:00:22Z",{"cover":36,"open":37,"shareSpread":38},"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",[40,44,48,49,53,57,61,65,69,73,77,81,85,89,93,97,101,105,109,113,117,121,125,129,133,137,141,145,149,153],{"id":41,"name":42,"slug":43},1,"Uncategorized","uncategorized",{"id":45,"name":46,"slug":47},5,"For Buyers","buyers",{"id":18,"name":19,"slug":20},{"id":50,"name":51,"slug":52},7,"Foreclosures","foreclosures",{"id":54,"name":55,"slug":56},8,"Infographics","infographics",{"id":58,"name":59,"slug":60},9,"Home Prices","home-prices",{"id":62,"name":63,"slug":64},11,"First-Time Buyers","first-time-buyers",{"id":66,"name":67,"slug":68},34,"Senior Market","senior-market",{"id":70,"name":71,"slug":72},35,"Mortgage Rates","mortgage-rates",{"id":74,"name":75,"slug":76},38,"Move-Up","move-up",{"id":78,"name":79,"slug":80},41,"For Sale by Owner","for-sale-by-owner",{"id":82,"name":83,"slug":84},42,"Featured","featured",{"id":86,"name":87,"slug":88},45,"New Construction","new-construction",{"id":90,"name":91,"slug":92},52,"Luxury \u002F Vacation","luxury--vacation",{"id":94,"name":95,"slug":96},53,"Rent vs. Buy","rent-vs-buy",{"id":98,"name":99,"slug":100},80,"Time-sensitive","time-sensitive",{"id":102,"name":103,"slug":104},81,"Outdated","outdated",{"id":106,"name":107,"slug":108},147,"Internal","internal",{"id":110,"name":111,"slug":112},148,"Do Not Autopost","do-not-autopost",{"id":114,"name":115,"slug":116},320,"Inventory","inventory",{"id":118,"name":119,"slug":120},321,"Agent Value","agent-value",{"id":122,"name":123,"slug":124},322,"Affordability","affordability",{"id":126,"name":127,"slug":128},323,"Buying Tips","buying-tips",{"id":130,"name":131,"slug":132},324,"Downsize","downsize",{"id":134,"name":135,"slug":136},325,"Economy","economy",{"id":138,"name":139,"slug":140},326,"Equity","equity",{"id":142,"name":143,"slug":144},327,"Forecasts","forecasts",{"id":146,"name":147,"slug":148},328,"Selling Tips","selling-tips",{"id":150,"name":151,"slug":152},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":154,"name":155,"slug":156},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]