Existing inventory has been on the decline in Alexandria year after year for the past two years. With the growing number of homeowners, now is a good time to sell and will result in more listings, according to the National Association of Realtors. With continuous job gains more people are considering purchasing a home, there's a substantial demand.
single-family home at Rosemont in Alexandria VA
"There are just not enough homeowners deciding to sell because they're either content where they are, holding off until they build more equity, or hesitant seeing as it will be difficult to find an affordable home to buy," says Lawrence Yun, NAR chief economist. "Perhaps this notable uptick in seller confidence will translate to more added inventory later this year. Low housing turnover is one of the roots of the ongoing supply and affordability problems plaguing many markets. As a result, inventory conditions have worsened and are restricting sales from breaking out while contributing to price appreciation that remains far above income growth" he added.
"It is a good time to sell! Whether you have outgrown your home, ready for an upgrade, job transfer, or life-style change selling your is an life changing event. So why not entrust that with a family run business? One who truly knows the business, keeping your best interest at heart like Nesbitt Realty. With selling your home, Nesbitt Realty will offer noteworthy advice in regards what needs to be accomplished to get the best dollar value for your property," says Stuart Nesbitt expert realtor.
Allison Nesbitt Johns is a native of Northern Virginia and a graduate of James Madison University. She is a full-time elementary school teacher and helps out at Nesbitt Realty during summer months and other times when school is out of session.
