Tuesday, January 19, 2016

Low Inventory

There is a good chance you’ve been hearing about the hot the real estate market. Like many Roseville homeowners you might be considering a move but you’ve been waiting for the right time. As a real estate professional I’m thrilled to report a positive outlook for those who are thinking about selling.  I've been encouraging some of my clients to get listed before the typical spring time.  With values up, we might see a flood of inventory come spring; thus, effecting the supply/demand.  Below are statistics that indicate it may be a sellers market.
 - According to the Association of Realtors inventory of available homes has decreased 3.3 percent from December of 2014 to December of 2015. In December of 2015 there was a 5 month supply of homes, this is below the 6 month supply that many real estate professionals consider normal. - The number of homes sold according to the National Associations for Realtors was 3.8 percent lower in 2015 than 2014, this is due in part to the lower number of homes available for sale. Typically when there are fewer homes for sale it is considered a sellers market.
 - Additionally the National Associations of Realtors reported that single family home prices nationwide have risen 6.3 percent in 2015. I am sharing this information with you because inventory in Roseville and Rocklin is low, and I am hearing from agents and prospective buyers that they just can’t find what they are looking for.   Contact me for a detailed CMA and marketing plan to get you top dollar.

-Chad Phillips
Re/Max Gold Roseville, CA