What's my home worth?

Enter your information and I'll get right back to you with a free home estimate.
Find out!
check

Sent

What's my home worth?

Enter your information and I'll get right back to you with a free home estimate.
Find out!
check

Sent

Jessica Averbeck

Find Your Home











Jessica Averbeck

Coldwell Banker

Are You Thinking of Selling Your Home? Competition Is Coming!

August 13, 2018


The number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Sales Report, the number of building permits issued in June was 850,000, a 0.8% increase from May.

How will this impact buyers?

More inventory means more options. Mark Fleming, First American’s Chief Economist, explained that this is good news for the housing market – especially for those looking to buy:

“The continued year-over-year growth in completions means more homes on the market in the short-term, offering some immediate relief in alleviating housing supply shortages.”

How will this impact sellers?

More inventory means more competition. Today, because of the tremendous lack of inventory, a seller can expect:

  1. A great price on their home as buyers outbid each other for it.
  2. A quick sale as buyers have such little inventory to choose from.
  3. Fewer hassles as buyers don’t want to “rock the boat” on the deal.

Bottom Line

If you are considering selling your house, you’ll want to beat this new competition to market to ensure that you get the most attention on your listing and the best price for your house.


Tags:

Featured Listings

listed
Welcome to 8437 Eucalyptus Drive. This single story home is ready for a new family to make it a home. Just over 1,600 square feet of living space, 3 bedrooms, 2 bathrooms, a spacious great room, a dining room and an open kitchen.
$269,000
listed
3
beds
2
baths
1,664
Sq Ft
listed
Are you looking for your dream home? Look no further! This move in home offers plenty of entertaining space!
$485,000
listed
4
beds
3
baths
2,286
Sq Ft
listed
Welcome to 7338 Shadowmountain Drive! This home features 5 bedrooms, 3 full bathrooms and over 2,500 square feet of living space.
$569,000
listed
5
beds
3
baths
2,503
Sq Ft
listed
Welcome to 1044 W Ave J14! The perfect starter home in the heart of Lancaster. Featuring 3 bedrooms and 2 bathrooms and just under 1,500 square feet of living space
$379,000
listed
3
beds
2
baths
1,494
Sq Ft

Recent Posts

Get Started!