Good Monday Morning!
Nationally, the inventory of homes for sale is much lower than it was just a year ago. Here in the Eugene and Springfield market area this is very true as well. In many areas such as Ferry Street Bridge, North Gilham, Thurston and Santa Clara, there is a significant shortage of homes on the market right now. There are buyers looking who just can't find a home because of the current shortage. This has created a sellers market, which means that the sellers have the advantage due to this shortage of current inventory.
Several times over the past months, I have mentioned that if you are wanting to sell your home this year, the worst thing you can do is to wait until Spring/Summer. Homes are a commodity and the sale of homes is subject to supply and demand. Low demand and high inventories makes it hard to sell a home and typically in this kind of market the seller should expect to sell at a lesser value. High demand and low inventory creates the opposite effect and sellers can now expect to sell at top market value in a much shorter time frame. By Spring/Summer inventories of homes typically increase and the time it take for a home to sell will usually increase at that time as well. This can also have a significant impact on the price your home will sell at.
If you have a home that you have tried to sell previously and failed or if you are just thinking of selling this year, don't wait. The kind of market that we are experiencing right now is typically short lived. Two months from now, you may have missed the opportunity.
If you would like to have a free home sale consultation, please contact me. This is a short visit and there is no obligation at all. This meeting will give you the information you meed to make the decision as to whether you want to sell now or wait.
Have An Awesome Week!
THIS WEEKS HOT HOME LISTING!
325 22ND ST
Wonderful Updates and Features! Adorable home updated from floor to ceiling, laminate wood floors, tile shower with body jets, large master suite upstairs. Living room with fireplace, updated kitchen with dining area and slider. Attached 1-car garag...
AND HERE'S YOUR MONDAY MORNING COFFEE!!