REMI’s Advice to Sellers: Act Now
San Diego, CA (PRWEB) July 30, 2013 -- The Real Estate Marketing Insider reached out to its prospective home seller readers, advising those that are still on the fence about selling to act now and get their property on the market. The Insider cited record demand and thinning inventory that would guarantee an extremely competitive price for a well-placed property.
REMI’s statement followed a July 17 story in The Press-Enterprise that examined the real estate market in Southern California. The article gave those interested in real estate leads plenty to celebrate, citing extremely high demand in the counties of Riverside and San Bernardino. The time on market for properties in June 2013 was about 33 days, a whopping two weeks less than the turnaround time in June 2012. Meanwhile, the median home price jumped to just over $248,000, up more than $60,000 since the same time last year. But these numbers, which lend optimism to investors, agents, and buyers, were tempered with a bit of uncertainty about the future. After all, the market conditions causing the surge in demand involve a consumer base with skyrocketing confidence, an extremely low inventory of properties for sale, and an unusually high number of cash sales.
The Real Estate Marketing Insider’s senior writer advised home sellers on this issue:
“The market is strong again, and the housing sector has learned from the mistakes that caused the crash of 2007. No one is expecting that this surge will be followed by a depression, or that the bottom will drop out of the high demand. While numbers may level off as inventory levels rise, the strong market is here to stay. That said, there is no better time to sell your Southern California home than right now. Demand greatly exceeds supply, and as a result, it’s a strong seller’s market with hundreds of investors or overseas buyers ready to pay cash. If you’ve been on the fence about selling your property, now is the time to act, before the market levels off.”
The Real Estate Marketing Insider advised prospective sellers of homes, particularly in Southern California, to sell now. The Insider released its recommendation citing high demand and stretched inventory, as well as buyers who are willing to pay cash.
About the Real Estate Marketing Insider:
The Real Estate Marketing Insider is an online real estate publication based in La Jolla, Calif. The Insider covers the North American real estate market with news, analysis, and editorials.
Real Estate Marketing Insider, Real Estate Marketing Insider, http://realestatemarketinginsider.com, (641) 715-3900 912955, [email protected]
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