The #1 Reason to List Your House Right Now

The success of the residential real estate market, like any other market, is determined by supply and demand. This means we need to look at how many potential purchasers are in the market versus the number of houses that are available to buy. With early 2020 housing data now rolling in, it’s quite evident there are two big stories impacting this year’s residential real estate market:

1. Buyer demand is already extremely strong

2. Housing supply is at a historically low level

Supply

The number of homes currently for sale has declined rapidly and now sits at the lowest level in almost a decade.

Homebuyers took advantage of low mortgage rates and stable listing prices to drive sales higher at the end of 2019, further depleting the already limited inventory of homes for sale. With fewer homes coming up for sale, we’ve hit another new low of for sale-listings in January.

View our Interactive Market Statistics Report for every area in HRM:  

https://www.homeworksrealty.ca/market_statistics

Bottom Line

Since there’s a historic shortage of homes for sale, putting your home on the market today could drive an excellent price and give you additional negotiating leverage when selling your house. Let’s get together to determine if listing your house now is your best move.