Inventory is very low. This is true nationwide as well as here in Lincoln County
The National Association of Realtors (NAR) latest Existing Home Sales Report revealed that sales rose 0.7% month-over-month, but remain 1.5% lower than they were a year ago. At first glance, some may look at these numbers and think that now is not a good time to sell their house, but in fact, the opposite is true.
The national slowdown in sales is directly tied to a lack of inventory available for the buyers who are out in the market looking for their dream homes! The inventory of homes for sale has fallen year-over-year for the last 28 months and has had an upward impact on home prices.
NAR’s Chief Economist Lawrence Yun had this to say,
“Home sales in recent months remain at their lowest level of the year and are unable to break through, despite considerable buyer interest in most parts of the country.
Realtors® this fall continue to say the primary impediments stifling sales growth are the same as they have been all year: not enough listings – especially at the lower end of the market – and fast-rising prices that are straining the budgets of prospective buyers.” (emphasis added)
The houses that are on the market are selling fast, too! According to NAR’s Realtors Confidence Index, the median number of days it took for a house to go from listed to under contract over the past three months was 34.
Here in Lincoln County we have the lowest inventory levels seen in the past 12 months with the highest listing prices right now. It is hard to know what the market will do in the future, but these are the facts today.
Why Should You Consider Listing With Me?
Marketing - I am a member of Lincoln County MLS and Regional MLS. This gets your home in front of the greatest number of brokers in the area. Very few coastal brokers are members of both MLS's.
Advantage Real Estate is the largest brokerage in the south county.
We move more real estate than anyone else in the south county.
Photography - We all know that people shop for home on line these days. That means your home needs to look its best. I am a Professional Photographer (PPA registered) and will make your home look great!
Professionalism - I pride myself on the highest standards of professional conduct and client focused service.
Local Knowledge - I know every little nook and cranny here on the Central Coast. Even if your home is off the beaten path, I can get folks out there to see just how amazing it is.