Have you been thinking of selling your home or been waiting for the perfect time? Well, now could be just what you have been waiting for! Inventory of active listings is at a 7-year low; as of November 12, 2012 there were only 193 available homes (fee simple) on the market in Huntington Beach. As winter approaches, inventory will continue to decline as few homes are listed after Thanksgiving. Inventory is generally about 15% lower in winter than summer. As a Seller, you could benefit from this recent decline in Housing Inventory.
Having such limited inventory causes multiple offers and drives prices up, well over the asking price and usually the appraised value. Working with buyers I have found that recently when submitting offers we are almost always in competition with 5 or more offers (even when submitting a full price offer). This is what we call a “Seller’s Market” the lack of inventory creates a “frenzy” amongst buyers and gives you, the seller control of price and terms of the transaction.
So, if you have been on the fence about selling your home there may not be a more opportune time to do so.
As experts on the Huntington Beach housing market we would love the opportunity to speak with you, do a full market analysis of your home’s value and give you insight as to where it should be priced based on the current market trend. Contact us for more information.