The price of any item (including residential real estate) is determined by the theory of ‘supply and demand.’ If many people are looking to buy an item and the supply of that item is limited, the price of that item increases.
The supply of homes for sale dramatically increases every spring, according to the National Association of Realtors (NAR). As an example, here is what happened to housing inventory at the beginning of 2018:
Putting your home on the market now, rather than waiting for increased competition in the spring, might make a lot of sense.
Buyers in the market during the winter are truly motivated purchasers and they want to buy now. With limited inventory currently available in most markets, sellers are in a great position to negotiate.
NextHome Platinum Advantage is a progressive real estate company with cutting-edge Thinking, award-winning real estate Marketing, driven by Technology and a Client-First attitude!
NEXTHOME PLATINUM ADVANTAGE
(803) 324-NEXT (6398)
1048 OAKLAND DRIVE ROCK HILL, SC 29732