June is SELLER’s Market

Remarkable time to sell in Fergus Falls! I listed a home on Thursday, put it on the MLS on Friday, had two showings Saturday, two on Sunday, and then on Sunday night received an offer which the seller is accepting. Call me at 218-205-6568 if you’d like to discuss market conditions and your home’s value.

5 Reasons You Should Sell This Summer

Here are five reasons listing your home for sale this summer makes sense. Continue reading “June is SELLER’s Market”

#1 Reason to List Your Home for Sale, NOW!

If you are debating listing your Fergus Falls home for sale this year, here is the #1 reason not to wait!

Buyer Demand Continues to Outpace the Supply of Homes for Sale 

The National Association of REALTORS’ (NAR) Chief Economist Lawrence Yun recently commented on the inventory:

Last month’s dip in closings was somewhat expected given that there was such a strong sales increase in March at 4.2 percent, and new and existing inventory is not keeping up with the fast pace homes are coming off the market.

Demand is easily outstripping supply in most of the country and it’s stymieing many prospective buyers from finding a home to purchase”.

The latest Existing Home Sales Report shows that there is currently a 4.2-month supply of homes for sale. This remains lower than the 6-month supply necessary for a normal market, and 4.6% lower than a year ago.  Fergus Falls continues to see low inventory (right around 3 months supply) with brisk sales. Houses that are priced right and are in good condition are snapped up in a very short time. Many buyers are experiencing frustration with the shortage of homes and the speed at which they sell.

The chart below details the year-over-year inventory shortages experienced over the last 12 months:

#1 Reason to List Your House for Sale, NOW! | Simplifying The Market

Anything less than a six-month supply is considered a “seller’s market.”

Bottom Line

Let’s get together and discuss the supply conditions in Fergus Falls to be able to assist you in gaining access to the buyers who are ready, willing and able to buy now!

How’s the Real Estate Market? Find Out What the Experts Are Saying

Low inventory of homes in Fergus Falls is not unique. It’s nationwide. Now is a good time to sell if you are considering a change of home. I would love to talk with you about listing your home. 218-205-6568.

As we head into summer, it is a great time to review how the 2017 real estate market is doing so far. Here is what the experts are saying: Continue reading “How’s the Real Estate Market? Find Out What the Experts Are Saying”

Inventory Shortages Are Slowing Down the Market

We are certainly seeing inventory shortages in Fergus Falls.  Our state and our nation are also seeing the same shortages.  If you are thinking of selling, now may be the time. Demand for your house will be strongest at a time when there is very little competition. That could lead to a quick sale for a really good price.

The real estate market is moving more and more into a complete recovery. Home values are up. Home sales are up. Distressed sales (foreclosures and short sales) have fallen dramatically. It seems that 2017 will be the year that the housing market races forward again.

However, there is one thing that may cause the industry to tap the brakes: a lack of housing inventory. While buyer demand looks like it will remain strong throughout the summer, supply is not keeping up. Continue reading “Inventory Shortages Are Slowing Down the Market”