Do you want all these buyers looking at your home?
When we look at the Smyrna Vinings real estate market from a purely statistical basis, we always view less than six months as being a seller’s market and more than six months to be a buyer’s market. This is called months of inventory and is an important calculation to judge the health of the market. If you have six months of inventory, then it would take six months to sell all existing homes on the market if no other homes came on the market.
If you look at the chart above, you’ll see that we have about nine months of inventory in the Smyrna Vinings homes market right now. And if you compare it to six months as being a balanced market, you might be thinking that it’s still a buyer’s market.
However, what we’re seeing in this market is somewhat contradictory to the conclusion. We’ve seen a surge in Smyrna Vinings home buyer activity this Spring and personally I have been involved in eight different multiple offer situations. If it’s truly a buyer’s market, then there should be plenty of homes to choose from and you wouldn’t expect to see multiple offers by competing buyers, right?
What we’re finding is that homes that exceed the market expectations in terms of price and condition are attracting all the buyers and the other homes are being largely ignored. Based on this, one could argue that the current inventory numbers are inflated by homes that the market has rejected. For the homes that are positioned properly, sellers are able to go under contract within a month.
So as a Smyrna Vinings home seller, do you want throngs of interested buyers making offers on your home or would your rather just be a statistic. Contact us today to show you how we can position your property to be one of the winners.
And if you’re a Smyrna Vinings home buyer, do your home work and be ready. When we go house shopping with our clients, we show them the best properties available on the market. The end result is that these homes won’t last long, so you must be prepared. Start by getting pre-qualified for financing to make sure you are able to make an offer when you walk into the perfect home. Invariably, the home that you like is also on the top of several other buyer’s lists.
Click here to start your Smyrna Vinings home search or contact us to get started.
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