© 2014 Buffini & Company. All rights reserved. Used by permission. Have You Thought About Selling? Existing home sales in 2014 are expected to remain equal to 2013 levels. 3 Home prices are on the rebound Home prices were up more than 12% in 2013 from 2012. 5 The median price of an existing home was up 9.4% to $196,300 in 2013. 1 The median price of a new home increased 10.6% to $270,900 in 2013. 1 Prices are expected to increase in 2014 due to tight inventory. 3 Home sales remain steady Home sales have remained steady for the past year. Existing home sales increased 6% in the fourth quarter of 2013 to a seasonally adjusted rate of 5.12 million homes. 3 67% of Americans say that now is a good time to buy a home. 6 Sources: 1. National Association of Home Builders 2. MarketWatch, January 17, 2014 3. National Association of REALTORS® , November 8, 2013 4. Fannie Mae 5. Housing Wire, October 1, 2013 6. Fannie Mae, January 7, 2014 If you’ve been thinking of putting your home on the market, now is a great time. Although the inventory of new and existing homes has been increasing, in many areas inventory is still considered low. According to national statistics, the inventory for new and existing homes is 4.3 months’ supply and 5.1 months’ supply, respectively as of November 2013. 1 Although housing starts were up18% in 2013 from their 2012 level, the current level of construction is still below expected household growth. 2 As a result, multiple buyers are bidding on listings and many sellers are getting the listed price for their home. There’s no doubt about it; now is a great time to sell if you’ve been thinking of putting your home on the market. 33% 33% of Americans think that now is a good time to sell, an increase from December 2012. 4