U.S. Housing Inventory Hits a New Low – That’s GREAT! (If You’re Selling!)

Here’s the latest from our colleagues at Keeping Current Matters.
For info about YOUR neighborhood (or the neighborhood you want to live in), give The Belt Team a call at (703) 242-3975. We can provide you with detailed facts PLUS the “boots on the ground” data that will help you make the RIGHT move! Because what’s happening in Vienna may be different than in Arlington. Even more important is price range – because we are seeing a slowing in the upper ranges, while other price ranges remain HOT!
U.S. Housing Inventory Hits a New Low… List Your House TODAY! | MyKCM

Every summer, families across the country decide if this will be the year they sell their current house and move into their dream home.

Mortgage rates have hovered around 4% for all of 2017, forcing buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW!! At the same time, inventory levels of homes for sale have dropped dramatically as compared to this time last year.

Trulia reported that “U.S. home inventory has tumbled 8.9% over the past year and has now fallen for nine consecutive quarters.” There is now 20% less inventory than there was five years ago.

Here is a chart showing the decrease in inventory levels by category:

U.S. Housing Inventory Hits a New Low… List Your House TODAY! | MyKCM

Bottom Line

Demand for your home is very strong right now while your competition (other homes for sale) is at a historically low level. If you are thinking of selling in 2017, now may be the perfect time.

FREE INSTANT ONLINE HOME VALUATION

Search Homes For Sale on our State-of-the-Art Search Site (It’s updated faster and more often than other sites!)

Top Realtor Vienna VA

532 Colecroft Ct, Alexandria VA 22314 – OPEN SUN 7/23

532 Colecroft Ct, Alexandria, VA 22314 is listed by The Belt Team and OPEN SUNDAY JULY 22nd 1-4 PM. Here’s a sneak peek:

Price and LOTS more photos of 532 Colecroft Ct Alexandria VA 22314

Call Kevin Kleifges & The Belt Team at (703) 242-3975 to schedule a showing!

Welcome to this delightful two bedroom/one full bath condominium with private entrance in Colecroft! Features include an updated kitchen with stainless steel appliances & marble backsplash, built-in shelving & window seat, in-unit washer/dryer, a private back balcony & more. Just minutes to Braddock Road Metro, King Street, and Del Ray!

 

Condos For Sale Near Braddock Metro

Condos for Sale Near Braddock Rd Metro

 

 

 

1820 Prelude Dr, Vienna, VA 22182 – Listed by The Belt Team – Open July 23

1820 Prelude Dr, Vienna, VA 22182 –  is LISTED by The Belt Team and OPEN SUNDAY, July 23 1-3 PM.  Here’s a sneak peek:

Price and LOTS more photos of 1820 Prelude Dr, Vienna, VA 22182

Call Kevin Kleifges & The Belt Team at (703) 242-3975 to schedule a showing!

Welcome to this beautiful colonial in popular Tiburon…a wonderful Vienna location mere minutes from every amenity, easy commuting, and great schools (Madison HS pyramid)! This home features an open floor plan, an eat-in kitchen, a spacious family room with gas fireplace, a master suite, finished lower level rec room, a fabulous back deck with pergola & fenced-in back yard! Don’t miss this opportunity to make this home yours!

Call The Belt Team at (703) 242-3975 if you would like to buy or sell in Vienna this year. The Belt Team is Vienna’s #1 Real Estate Team. (Sellers –  you’ll be interested to know that Belt Team Sellers sell FASTER and for MORE money than average! Special info for Vienna Home Sellers.)

Homes for Sale in Tiburon

Homes for Sale in Tiburon

Homes for Sale in Tiburon

WHat Is My Home Worth

 

 

 

 

1702 Drewlaine Dr Vienna VA 22182 – Just Listed by The Belt Team & Open July 23

1702 Drewlaine Dr Vienna VA 22182 was JUST listed by The Belt Team! OPEN SUNDAY NOON-3PM. Here’s a sneak peek:

Price and LOTS more photos of 1702 Drewlaine Dr Vienna VA 22182

Call Tom Hanton & The Belt Team at (703) 283-6418 to schedule a showing!

Gorgeous 4 BR/4.5 BA Sekas property on a premium .61 acre lot close to “downtown” Vienna, Tysons Corner and many other amenities. Exceptional features of this 5000+ square foot home include an open floor plan perfect for everyday living & entertaining, attractive moldings & other details which add architectural interest, gleaming hardwood floors throughout the main level, gourmet eat-in kitchen with center island, grand family room with stone fireplace, main level den/study, impressive master suite, a finished lower level which adds an abundance of extra living space, and amazing outdoor spaces.

Call The Belt Team at (703) 242-3975 if you would like to buy or sell in Vienna this year. The Belt Team is Vienna’s #1 Real Estate Team. (Sellers –  you’ll be interested to know that Belt Team Sellers sell FASTER and for MORE money than average! Special info for Vienna Home Sellers.)

WHat Is My Home Worth

 

 

 

 

 

Homes for Sale Near Tysons Metro

9986 Capperton Dr, Oakton, VA 22124 – Just Listed by The Belt Team & Open Saturday

9986 Capperton Dr, Oakton, VA 22124 –  was JUST LISTED by The Belt Team and is OPEN SATURDAY, JULY 22 2-5PM.  Here’s a sneak peek:

Price and LOTS more photos of 9986 Capperton Dr, Oakton, VA 22124

Call Kevin Kleifges & The Belt Team at (703) 242-3975 to schedule a showing!

Welcome to this beautiful Oakton townhome approximately 1 mile from the Vienna Metro! This 3BR/2 full & 2 half BA home features an open floor plan, light-filled kitchen with bay window, moldings, pillars & other interesting architectural touches, new carpet & paint, updated baths, a wood-burning fireplace, lower level family room with built-ins, back deck and a stone patio. Great for commuters and minutes to the heart of “downtown” Vienna, Oakton, Tysons Corner and more!

Townhouse for Sale Near Vienna Metro

Townhouse for Sale Near Vienna Metro

Townhouse for Sale Near Vienna Metro

For more questions, a specific update on YOUR neighborhood, or a FREE Buyer or Seller Consultation. – call Kevin Kleifges Belt & The Belt Team at (703) 242-3975.

WHat Is My Home Worth

 

 

 

 

Thinking of Selling? You Should Act NOW!

Now is the time to sell.

That’s the opinion of our colleagues at Keeping Current Matters. (Our opinion depends on your personal situation, so give us a call at (703) 242-3975 and we will do an in depth analysis with you so you can be sure of what’s right for YOU.)

What Is My Home Worth

Here’s why KCM thinks NOW is the time . . .

Thinking of Selling? You Should Act NOW! | MyKCM

If you thought about selling your house this year, now more than ever may be the time to do it! The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned the concept of supply and demand: the best time to sell something is when supply of that item is low and demand for that item is high. That defines today’s real estate market.

Lawrence Yun, Chief Economist at the National Association of Realtors, recently commented:

“Buyer interest is solid, but there is just not enough supply to satisfy demand. Prospective buyers are being sidelined by both limited choices and home prices that are climbing too fast.”

Yun goes on to say:

“Current demand levels indicate sales should be stronger, but it’s clear some would-be buyers are having to delay or postpone their home search because low supply is leading to worsening affordability conditions.”

In this type of market, a seller may hold a major negotiating advantage when it comes to price and other aspects of the real estate transaction, including the inspection, appraisal and financing contingencies.

Bottom Line

As a potential seller, you are in the driver’s seat right now. It might be time to hit the gas.

Call The Belt Team at (703) 242-3975. Recently named to Washingtonian Magazine’s Best Realtors list for the 3rd year in a row, we are one of the country’s top teams and would love to help you make the RIGHT move for YOU.

What Is My Home Worth

1820 Prelude Dr, Vienna, VA 22182 – Just Listed by The Belt Team – Open July 16

1820 Prelude Dr, Vienna, VA 22182 –  was JUST LISTED by The Belt Team and is OPEN SUNDAY, July 16 1-4 PM.  Here’s a sneak peek:

Price and LOTS more photos of 1820 Prelude Dr, Vienna, VA 22182

Call Kevin Kleifges & The Belt Team at (703) 242-3975 to schedule a showing!

Welcome to this beautiful colonial in popular Tiburon…a wonderful Vienna location mere minutes from every amenity, easy commuting, and great schools (Madison HS pyramid)! This home features an open floor plan, an eat-in kitchen, a spacious family room with gas fireplace, a master suite, finished lower level rec room, a fabulous back deck with pergola & fenced-in back yard! Don’t miss this opportunity to make this home yours!

Call The Belt Team at (703) 242-3975 if you would like to buy or sell in Vienna this year. The Belt Team is Vienna’s #1 Real Estate Team. (Sellers –  you’ll be interested to know that Belt Team Sellers sell FASTER and for MORE money than average! Special info for Vienna Home Sellers.)

Homes for Sale in Tiburon

Homes for Sale in Tiburon

Homes for Sale in Tiburon

WHat Is My Home Worth