3 Charts That Shout, ‘List Your Home Today!’

3 Charts That Shout, ‘List Your Home Today!’ | Simplifying The Market

In school, we all learned the theory of supply and demand. When the demand for an item is greater than the supply of that item, the price will surely rise.

SUPPLY

The National Association of Realtors (NAR) recently reported that the inventory of homes for sale stands at a 3.8-month supply. This is considerably lower than the 6-month supply necessary for a normal market.

DEMAND

Every month NAR reports on the number of buyers out in the market looking for homes, which is also known as buyer traffic. As seen on the map below, buyer demand in March was strong or very strong in 45 out of 50 states nationwide, and Washington, DC.

Many buyers are being confronted with a very competitive market in which they must compete with other buyers for their dream homes (if they are even able to find a home they wish to purchase).

Listing your house for sale now will allow you to capitalize on the shortage of homes for sale in the market, which will translate into a better pricing situation.

HOME EQUITY

Many homeowners underestimate the amount of equity they currently have in their homes. According to a recent Fannie Mae study, 37% of homeowners believe that they have more than 20% equity in their homes. In reality, CoreLogic’s latest Equity Report tells us that 78.9% actually do!

3 Charts That Shout, ‘List Your Home Today!’ | Simplifying The Market

Many homeowners who are undervaluing the equity they have in their homes may feel trapped, which may be contributing to the lack of inventory in the market.

Bottom Line

If you are debating selling your home this year, let’s meet up to evaluate the equity you have in your home, as well as the opportunities available in your market.  Give me a call – J.P. Cook – 602-320-4253.

What’s Your Home Worth?

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25496 N 160 Lane Surprise, AZ 85387

$447,590
4 Beds
3 Baths
2,049 SqFt
Status Active
MLS # 6669086
Property Type Single Family Residence
Price Type --
Brand new, energy-efficient home ready NOW! Large great room and dining space. The kids can create their own play space in the included flex space. White cabinets with quartz countertop and grey tile flooring in our Balanced package. Come tour our five brand-new models at Paloma Creek. Envision your next chapter by experiencing the exclusive amenities including a clubhouse, pool, and future fitness center. Pick from a variety of floorplans featuring walk-in closets and flex spaces. Each energy-efficient home comes standard with features that allow your whole family to live better and breathe easier too.* Visit Paloma Creek today. Each of our homes is built with innovative, energy-efficient features designed to help you enjoy more savings, better health, real comfort and peace of mind.

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$447,590
5 Beds
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MLS # 6635222
Property Type Single Family Residence
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Brand new, energy-efficient home available NOW! Each of the five bedrooms in this floorplan features a spacious walk-in closet. White cabinets and granite countertops, tile flooring with brown carpet in our Distinct package. Enjoy 3-car and RV garages at Copper Ridge located in Maricopa. Your family will enjoy Maricopa's small town feel and local hubs. Plus, all the resources of metro Phoenix are only a short drive away. We also build each home with innovative, energy-efficient features that cut down on utility bills so you can afford to do more living.* Visit Copper Ridge today. Each of our homes is built with innovative, energy-efficient features designed to help you enjoy more savings, better health, real comfort and peace of mind.

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$447,500
4 Beds
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1,457 SqFt
Status Active
MLS # 6671871
Property Type Single Family Residence
Price Type --
Newly remodeled home at 2332 W Monte Cristo, Phoenix, AZ, features 4 bedrooms, 2-car garage, and 2 living rooms. Modern upgrades offer style and convenience in a spacious layout. Located in a vibrant Phoenix area, known for excellent schools, shopping, dining, and leisure activities, this property combines comfort with the benefits of city living. Ideal for those seeking a turnkey home in a thriving community.

6668 E Saddlehorn Circle Hereford, AZ 85615

$447,500
3 Beds
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MLS # 6628206
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No need to wait for a home to be built. This one is only 2 yrs old and in perfect condition and has all window blinds installed, landscaped yard, and water softener added. This gorgeous 3 bed 2 bath home features all tile flooring throughout, quartz countertops, and stainless appliances. The primary bedroom is very large with a beautiful bath and large walk in closet. The other bedrooms are nice sized whether they are for children, guests or office. The home also features a full length covered patio to sit outside and enjoy the awesome views and spectacular sunsets. The garage is oversized so there room for bikes or exercise equipment. This home is spotless and is truly move in ready to enjoy in the Kings Ranch Subdivision.

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