gmhTODAY 13 gmhToday March April 2017 - Page 72

Spring Housing Market Projected to be HOT! S ellers don’t miss out! The urgency is here! There are many buyers out looking for their new home and they are finding there are just not enough homes. The inventory is very low and this is the busiest time of the year. The supply cannot keep up with the current demand for number of houses needed to sell. Buyers search the internet daily to see if new homes pop up on the market. The open houses are busy with potential buyers and many times the homes sell right away with multiple offers. If you are considering selling in 2017, now is the time to be ready before the Spring weather. April is predicted to have even more homes become available, so you can reach the buyers that are ready to buy now. Sellers may get a great price plus not have competition with a lot of other homes on the market. Many homes are selling over asking price. Interest rates are still low but are predicted to rise during 2017. A rise in interest rate causes qualifying issues where buyers may not be able to qualify for the house they want or be able to purchase as much house. This causes an urgency for the buyers to buy soon. If you are considering selling your home, please call me and we can discuss the best options to maximize your return on your investment. This way you can capitalize on a seller’s market in the current market conditions. November Fast Facts Morgan Hill December January Active (Homes on the Market) 76 43 41 Homes Sold 58 49 31 Average Days on the Market 51 61 52 99% 98.9% 99.4% Sale to List Ratio Teri Nelson, Realtor Intero Real Estate Services 408.425.5200 BRE#00858151 72 GILROY • MORGAN HILL • SAN MARTIN MARCH/APRIL 2017