If you’ve been thinking of selling your North Babylon home, this is the time to get serious. Right now is the ultimate sellers’ market and by far the best opportunity to get the most from the sale of your house. With mortgage interest rates still very low, home buyers are ready, willing and very able to buy homes that are available. North Babylon home sellers should not miss out on this rare opportunity to maximize their profits on the sale of their house.
The most recent Existing Home Sales Report from The National Association of Realtors (NAR) shows that the inventory of houses for sale, nationally at 2 months, is exceptionally low. Historically, a 6- 7 month supply of homes for sale is considered a healthy market. Currently the housing supply in North Babylon is at 0.9 months for single family residences and 1.5 months supply for condo/co-ops.
The tightening of the housing supply in North Babylon creates a competitive environment. With so many buyers wanting to buy such few houses, bidding wars, which drive up prices are inevitable. In this market, North Babylon home sellers are in the best position to determine their ideal terms while reaping the benefits of significantly higher home prices on the sale of their homes.
If you have a house to sell in North Babylon or any of the surrounding communities, it is almost a guarantee that you will get enough attention from buyers to ensure that you get the highest price for your home. Continued low mortgage rates combined with a year of unprecedented changes in our daily lives have changed the way in which we view how and where we live.
The demand for homes in North Babylon is significantly lower than the current supply which makes this the absolute best time to sell. As home prices continue to remain high, North Babylon home sellers who list their homes for sale in the next few weeks will get massive exposure resulting in high gains on the sale of their homes.
Take advantage of the current market conditions:
Sell your house at current prices
Pay off your existing mortgage
Put some money in savings
Take advantage of the low mortgage interest rates to buy the house of your dreams