People are still holding off putting their houses on the market, and again I want to tell you more reasons why you shouldn’t wait. Inventory levels are still low. In almost every market that I look at around central Iowa, we are still in a strong Seller’s Market. In some micro-markets there is less than a month’s worth of inventory.
On the flip side of that, houses sold and houses pending are reaching historic levels. In January, 2016 houses sold is up 18.2%(!!!) year over year. 579 houses closed in January. Houses put under contract is up 23.5%(!!!) year over year. In January alone 1,749 houses were put under contract. These jumps are insane.
To put that in perspective, 2014 was a good year for real estate. Total houses sold in our market was 11,451. 2015 was even better. Total houses sold in 2015 was 12,963 houses. And now January is 18.2% above last year’s huge pace.
If you combine that with the extreme seller’s market levels of inventory it means that if you were to put your house up for sale now you would be doing so at a time when your competition is non-existent and you are at record levels of house sales. Doesn’t that seem like a pretty ideal opportunity for getting your house sold in the least amount of time for the most money possible?
If you, or someone you know, are thinking about selling your house; let a house selling specialist guide you through the process. You can reach me at 515.639.0047 or RyanLynch@KW.com. Let a professional make you more money in less time.
~Ryan Lynch
