Why you should sell ASAP in 2018.

Photo by: Amir Zee 

We’ve seen two or three years of what could be considered unsustainable levels of price appreciation, as well as an inventory shortage that resulted in a record low number of homes for sale across California.

If you are planning to sell in 2018 and you want to sell your home quickly, and for maximum money, your window of opportunity may be rapidly narrowing. Here's why you should get moving ASAP.

1. Rates are still historically low, drawing buyers into the market. Interest rates are on the rise, and it's widely predicted that they'll reach 5% + before year's end. Buyers know that the longer they wait to buy, the more expensive it will be.

2. Inventory remains tight. Buyer demand is high. The housing shortage will likely get worse before it gets better. Realtor.com data predict inventory will remain tight in the first part of this year, reaching a 4% year-over-year decline by March. This year is your window of opportunity.

3. Home prices are still increasing, Realtor.com data suggest a 3.2% increase year over year, after finishing 2017 with a 5.5% year-over-year increase. You still stand to make a pretty profit if you sell this year, but the earlier you can list, the better off you'll be.
4. Millennials are ready to commit; As people move into their 30s, they're looking to move from renting to homeownership.More home buyers flooding the market can only mean good things for sellers—at all price points.

As always, your comment or questions is appreciated.