Call Us 610-609-1096
  • Home
  • Pressroom
  • About
    • Meet Kevin
    • Happy Customers
    • Newsletter Sign Up
  • Real Estate Blog
    • Home Buyers
    • Open Houses
    • Home Sellers
    • Listings
    • Recently Sold
    • My Realtor Experiences
    • Fix It -DIY Stories
    • Around the Area
  • Contact

Keller Williams Empower |

  • Havertown
  • Main Line
    • Col-1
      • Ardmore
      • Bala Cynwyd
      • Berwyn
      • Bryn Mawr
      • Devon
      • Gladwyne
      • Haverford
    • Col-2
      • Malvern
      • Merion Station
      • Newtown Square
      • Paoli
      • Penn Valley
      • Philadelphia
      • Radnor
    • Col-3
      • Rosemont
      • St. Davids
      • Valley Forge
      • Villanova
      • Wayne
      • West Chester
      • Wynnewood
  • Philadelphia Area
    • Fairmount-Art Museum-Spring Garden
  • Chester CTY.
    • Berwyn
    • Chester Springs
    • Devon
    • Downingtown
    • Exton
    • Glenmoore
    • Malvern
    • Phoenixville
    • Spring City
    • West Chester
  • Delaware CTY.
    • Ardmore
    • Broomall
    • Chadds Ford
    • Glen Mills
    • Media
    • Newtown Square
    • Rosemont
    • Villanova
  • Montgomery CTY.
    • Bala Cynwyd
    • Blue Bell
    • Conshohocken
    • Fort Washington
    • Gladwyne
    • Lafayette Hill
    • Merion Station
    • Penn Valley
    • Plymouth Meeting
    • Pottstown
    • Trappe
Tuesday, 12 March 2013 / Published in Home Buyers, Home Sellers, My Realtor Experiences

It’s becoming a sellers market…

The Wall Street Journal recently put out an article on discussing how the market is turning from a buyers market to a sellers market.

I have seen this experienced first hand. I sold two homes in West Chester and Roxborough that were both on the market for less than a week.

Some of the statistics include:

The number of homes listed for sale in January fell by 4.9%, leaving 1.74 million properties on the market. That’s the lowest since December of 1999, when there were 1.71 million homes on the market. By contrast, there were 2.91 million homes on the market two years ago at this time.

The good news is that there’s a growing pool of buyers chasing a shrinking supply of homes. If the trend holds, prices will keep going up. At the current pace of sales, it would take just 4.2 months to sell the current supply of homes available for sale, down from a 6.2 months’ supply one year ago.

Investors have also been aggressive in buying up properties that are selling for less than their replacement cost.

Home sales could rise to 5.2 million units this year, an increase of nearly 12% from last year. This forecast is based on household formation and demographics, which both suggest rising demand for housing in the coming years, and affordability measures such as mortgage rates and home prices.

If you are looking to sell your home, contact me so that we can put devise a strategic plan to sell your home quickly and for as much as possible.

  • Tweet
Tagged under: decreased inventory, increased home prices, Roxborough, sellers market, West Chester

Archives

  • There are no post to show.

Contact Us

Kevin Toll Group, LLC 
Long & Foster RE, Inc.
Cell: 610.609.1096
Office 610.449.2600
Email: kevin.toll@LongandFoster.com

Find Your HomeContact Kevin Now

Serving Conshohocken, Center City Philadelphia, Broad St Philadelphia, Fishtown Philadelphia, Newark Delaware, Elkton MD

The Kevin Toll Group

Kevin Toll Group, LLC Team Leader and Recruiter  |  Keller Williams Empower | Cell: 610.609.1096  |  Office: 610.897.0000
Email: Kevin.Toll@TollRealtyGroup.com
The Toll Group | Keller Williams Empower License State: PA, NJ, NY, DE. MD
  • GET SOCIAL
Keller Williams Empower |

Kevin Toll Group, LLC | Keller Williams Empower
Pennsylvania License #RS306972
Website by: SP Marketing Experts

TOP