As the traditionally slower-moving fall real estate market arrives, Forsyth County GA sellers who will be listing soon still have multiple grounds for optimism—with the scarcity of available properties being the most widely publicized. Now it appears that the long-standing national shortage isn’t just continuing: it’s widening.
According to a report from the National Association of Realtors®, buyers in nine out of ten markets they tracked could find 8.5% fewer homes for sale than had been available just one year before. That was in addition to the host of sunny economic conditions (a “soaring stock market, good economy, and low interest rates”) that were further motivating prospective homebuyers. If the number of local listings echoes the national trend, Forsyth County GA sellers could expect a strong (though not as crazy as in previous months) competition for this season’s properties.
That was the theme of an article in Realtor Magazine. “Home Price Hikes Widen Sellers’ Advantage” which foretold the effect constrained inventory is expected to have on this year’s real estate activity. New research pointed in the same direction: median listing prices have been rising at the same time housing supplies and days-on-market decline. According to move.com, January patterns “set the stage for a competitive home buying season.”
Although the principles of supply and demand would certainly lead to the same opinion, U.S. News & World Report gave a less ebullient reason to agree. In an article from last year that still reflects well today – “Why You Should Sell Your Home in 2020” – they put out a ‘bird in the hand’ rationale. “Especially if you’re on the fence about selling this year or next,” they wrote, “sell in an environment that’s more predictable…” For homeowners who love their current homes, they advised waiting “five years” before revisiting the idea of selling. But for those nearer to a decision to sell, they had definite advice: “Don’t play the waiting game.”
If you are one of those Forsyth County, GA homeowners having similar thoughts, it looks like selling this season is definitely worth looking into. CALL ME TODAY!
This Cumming GA Real Estate blog is hosted by Gayle Barton of BERKSHIRE HATHAWAY HomeServices Georgia Properties.
I specialize in Real Estate sales in the following Forsyth County and North Fulton County cities: Cumming, Suwanee, Alpharetta, Milton and Johns Creek. Other north metro-Atlanta suburbs are serviced by request, so please call.
Gayle Barton Forsyth County Real Estate | Cumming GA Real Estate | Mountain Crest Homes For Sale
Gayle Barton Cumming GA Real Estate | Forsyth County Real Estate