Thinking of selling your home later this year? You may want to reconsider.

If you are thinking of selling your home this year you may have considered waiting because you hear home prices are rising. Well, that is a fact but it's not all the facts. Home prices have increased over the last 7 months but recently the housing supply has taken a sharp increase which could quickly impact home prices.
Home sellers are having to cut prices and accept contingencies in order to attract more buyers. With more homes on the market and staying on the market longer there is plenty of competition among sellers.

If you are thinking of selling your home you may want to consider doing it now before the competition continues to grow, causing price reductions.
If the current trend stays in place substantial sales price increases are not expected for the first half of 2014. If the trend continues on through the second half of the year we could see lower prices by January 2015.
If you are thinking of selling your home but aren't sure what it's worth please don't hesitate to contact me. I can provide you with a complete home analysis so you can make an informed decision.