Buyers Are out Looking Now!
The National Association Of Realtors (NAR) recently released findings that show now could be a great opportunity to sell your home. The concept of "supply and demand" indicates the best time for a product or service is realized when there is a low supply, limited competition and a high demand for that good or service.
Let's test this concept to the current residential real estate market.
Everyone knows that for more than a year now, the current inventory for homes and condos for sale has been far below the number needed to sustain a normal balanced market. A normal market can be defined where there is six months housing supply to satisfy the demand. A recent NAR report showed that at this time, there is…