Selling La Jolla Real Estate With Low Inventory
The National Association of Realtors (NAR) January Pending Home Sales Index increased to 105.9%, the highest rate for locked properties in several years, because of increasingly low inventory. If you own La Jolla Real Estate that you want to sell, it’s time to call the Gellens as inventory nationwide is at a 13 year low.
NAR Chief Economist Lawrence Yun, reports that home pricing should also create higher pricing since less homes are on the market. “Over the near term, rising contract activity means higher home sales, but total sales for the year are expected to rise less than in 2012,” he said. “While home prices are projected to rise more strongly because of inventory shortages,” Yun stated.
United States pending sales have seen increases throughout the entire country, with the largest gains noted in the Northeast and Midwest. Still moderate increases in the South have been seen as well. As of January pending sales in La Jolla and elsewhere in the West have been consistent, according to the report, however as active La Jolla real estate experts, we expect to those figures changed in the next report update.
Over five million homes are expected to be sold in 2013. Perhaps your La Jolla real estate will be one of them? It could be, quite easily, with a call to Maxine and Marti Gellens, your San Diego home finders! You can contact us at 858.551.6630.