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Sell Now or Wait 'Til 2019?


Q. I can't decide if I should sell my home now or wait until 2019.  Any thoughts?


A.  The first lesson in real estate is don't try to time the market.  If you need to sell, then sell.  If not, then wait.  However, since we can't predict what 2019 will bring, let's look at our current day numbers.  Our mid-year housing stats for June month-end show our supply of homes down to 3.6 months.  A balanced market should be about 6 months of inventory.  Also our days on market (the time from when you list your home to the time you receive an offer) is down to 59 days.  In my 20 years of selling real estate I have never seen these numbers so low.  So if these numbers are any indication, 2018 may just be your year.  If you would like to receive our market report your area, please contact me. Good luck.

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