If you've thought about listing your home in 2015, your timing is impeccable. These latest graphs from KCM illustrate an exceptional market for prospective home sellers.
This story is simply basic supply and demand; you will get the most money for your property when the demand for that item is high and the inventory is low.
The time is nigh for this kind of optimal seller's market. Here's why:
Demand is High
According to recent research released from the National Association of Realtors (NAR), buyer activity in January 2015 was three times greater than it was in January 2014. Our market is currently saturated with buyers who are ready, willing and able to find their home.
Source: National Association of Realtors
Supply is Low
The Existing Home Sales Report from NAR also revealed that the month's supply of housing inventory has fallen to 4.4 months - the lowest that it has been in over a year.
The Bottom Line?
Demand for housing, particularly in Chicago, is high while supply continues to be low. Take advantage of this optimal winter's market as a seller and list your property while the market continues to be ideal.
Have questions for us? Unsure of where to begin listing your home? We'd love to hear from you! Don't hesitate to send us an email or give us a call.