If you have been contemplating selling your Jersey Shore home, now may be the time to make your move. Think back to your school days when you learned about the laws of supply and demand. The same applies when it comes to the housing market. The best time to sell your home is when the supply level is low and the demand is high, and that is just what we are seeing in today’s market.
With the current inventory supply of homes for sale remaining below optimum levels, sellers are in the driving seat.
Here are 3 reasons why now is the time to sell your home along the Jersey Shore.
- Supply- Tight housing inventory continues to impact the housing market across the nation. It is not uncommon to see home prices rise as the number of available homes on the market tightens.
- Interest Rates- Current mortgage interest rates continue to remain near historic levels, but that may not last much longer. Many economists are predicting that the Federal Reserve will increase interest rates sometime in December.
- Rent Prices- The increasing cost of rental prices is pushing tenants to make their move towards home ownership. In the past five years, rental rates have increased by 15% across the country, and income growth has not been able to keep up according to the National Association of Realtors.
Let the professionals at the Ferzoco Group help you sell or buy a home along the Jersey Shore. Our job is to make your tomorrow better than today. Contact us today via email or give us a call at 609-264-6762.
If you are ready to find your dream home along the Jersey Shore check out our current featured listings here.