An Exceptional Time to Sell: List Your Home With Us Today

Real Estate Supply and Demand

Listing prices of homes, like stocks and bonds, depend heavily on the law of supply and demand.

Investopedia, 2020

Real estate is a tangible asset made up of property and the land on which it sits, and like other assets, real estate is also subject to supply and demand. The law of supply and demand is a basic economic principle that explains the relationship between supply and demand for a good or service, and how their interaction affects the price of that good or service.

When there is a high demand for properties in a particular city or state, and a lack of supply of quality properties, the prices of houses tend to rise.

According to the latest 2020 Economic Pulse Flash Survey from the NAR (National Association of Realtors), 55% of the sellers are delaying their home sale for a couple of months and 74% of them are holding strong on price – not dropping listing prices to attract more buyers.

Why now is the best time to list your home?

According to Investopedia, the housing market relies very heavily on supply and demand.
For example, if a town has a high demand and low supply in housing stock, owners often benefit from getting a higher price for their homes.

Having said this, fewer listings (Lawrence Yun, 2020) and with sellers being firm with their prices, buyers will have limited options. With limited buyer choices during this time, it will be a great time to list your house today.

Given that most of the sellers are removing their properties from the market, selling now will guarantee you that your listing will rise to the top with the help of virtual marketing.

Let’s tie up today to make sure that you’ll have the best help in selling your home.