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February
17

February 17th, 2017 by

 

The most recent Pending Homes Sales Index from the National Association of Realtors revealed a slight bump in contracts with an increase of 1.6% in December. This news comes as existing home sales are also forecasted to be on pace for 5.54 million in 2017, a 1.7% increase over 2016, which was the best year for sales in a decade.

 

The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed.

 

According to NAR's Chief Economist, Lawrence Yun,

 

"Pending sales bounded last month as enough buyers fended off rising mortgage rates and alarmingly low inventory levels to sign a contract."


So, what's the problem?

 

Buyers are searching for existing homes, but supply is not keeping up with their demand!

 

Yun went on to explain,

 

"The main storyline in the early months of 2017 will be if supply can meaningfully increase to keep price growth at a moderate enough level for households to absorb higher borrowing cost. Sales will struggle to build on last year's strong pace if inventory conditions don't improve." (emphasis added)


Bottom Line


Buyers are out in force right now! If you are considering selling your home this year, the early months of 2017 will be your best option. Contact a local professional today to capitalize on current market conditions.

 

Source:  http://www.keepingcurrentmatters.com/2017/02/08/buyers-are-searching-for-your-house/

 

Call Denny Brandt today.  He's here for all your Real Estate needs.

 

(717) 653-2646 or 717-371-7841  Click here to visit his website

 

The Homesale Family of Companies is the leading real estate company serving the Baltimore, Maryland, South Central and Southeastern PA real estate markets.  Homesale Realty has more than 27 offices with over 1,200 REALTORS®. Homesale Realty's footprint includes Maryland real estate offices in Baltimore City, Federal Hill, Fells Point, Westminster, and Timonium. Pennsylvania real estate offices include York, Lancaster, Wyomissing, Chambersburg, Gettysburg, Harrisburg, and Schuylkill Haven.

Categories: sellers
Tags: selling, sell home in Elizabethtown, Is it a good time to sell
Denny Brandt
Denny Brandt Office: (717) 653-2646 ext. 107 Cell: (717) 371-7841 Fax: (717) 653-2850 Direct: (717) 653-8644 Email Me
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/04/2026. The listing information on this page last changed on 04/04/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 04/04/2026 12:26:57 AM EST) or Bright MLS (last updated Sat 04/04/2026 12:21:15 AM EST). Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices Homesale Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Dennis Brandt 

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717-653-2646

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