Selling Your Amherst Home When Inventory is Low


Selling Your Amherst Home When Inventory is LowSelling your Amherst home when inventory is low. If there is even a slight chance you may want to sell your home, now is the time to act!

Housing has definitely shifted to a seller’s market, with inventory at a 13 year low. The National Association of Realtors (NAR) reports the January Pending Home Sales Index as being at 105.9% which is the highest rate for contracts (not closings) in years, meaning that homes that are available are being sold quickly.

According to NAR Chief Economist Lawrence Yun, home pricing will likely be on the upswing as less homes are on the market. “Over the near term, rising contract activity means higher home sales, but total sales for the year are expected to rise less than in 2012,” he said. “While home prices are projected to rise more strongly because of inventory shortages,” Yun concluded.

Throughout the United States pending sales have increased, with the largest gains seen in the Northeast and Midwest. Moderate increases in pending sales occurred in the South and the West has stayed pretty much the same in the last month.

Over five million homes are expected to be sold in 2013. Will your home be one of them? To find our more about how to start the process of selling your home, please contact us, your local experts in real estate.

90-day stats for Single Family properties in
BUFFALO, NY 14226 as of September 15, 2017
Median List Price:$177,491Average List Price:$226,009
Total Inventory:69Price per Square Foot:$117
Average Home Size:1,565Median Lot Size:8,022
Average # Beds:3.37Average # Baths:2.10
Homes Absorbed:11Newly Listed:14
Days on Market:57Average Age:70


Selection of Amherst Homes for Sale



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Listing data deemed reliable, but not guaranteed.