Friday, August 23, 2013

Property Inventory Levels on the Rise



Property Inventory Levels on the Rise

Hey, everyone. Welcome back to my video blog.

For the past seven months, our Las Vegas market has been phenomenal. Both buyers and sellers were motivated; interest rates were low for buyers, and sellers were able to get a great price with the low inventory supply.

While we are still in a fantastic market, sellers should know that inventory is increasing. When that occurs, even when demand remains the same, home prices will come down.

In January of this year there were 3,000 single-family homes listed in the market. Today, there are 5,300 homes listed. It may not seem like a huge difference, but it’s very significant if you are a seller.

If you were thinking about selling your home in the next year, or were waiting for the time to get the most money out of your home, that time is now! Prices will soon fall and you don’t want to lose that money because you waited too long!

Give me a call at 888.558.0421 x1 so we can get started today or visit my website http://mitchellschwartz.yourkwagent.com to find out what your home is worth!