Archive for February, 2013

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Copyright 2013 NATIONAL ASSOCIATION OF REALTORS®

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Supply & Demand

Today’s NEWS RELEASE from the National Association of Realtors showed us that “unsold inventory is at the lowest level since January 2001”. At the end of the 4th quarter for 2012, there were 1.82million existing homes available, which is down 21.6% below last year’s numbers. Also, the existing home sales in the good ole South actually INCREASED 5% in the 4th quarter.

According to Lawerence Yun, NAR chief economist, “Home sales are on a sustained uptrend, mortgage interest rates are hovering near record lows and unsold inventory is a the lowest level in 12 years”!

You may be asking yourself, what do all these numbers really mean? Good question! The answer is: IT’S A GREAT MARKET TO SELL YOUR EXSISITING HOME!!