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Low Inventory | Blog

Monday, February 12, 2018   /   by Bobbie Schwartz

The #1 Reason to Sell Now Before Spring!

The price of any item (including residential real estate) is determined by ‘supply and demand.’ If many people are looking to buy an item and the supply of that item is limited, the price of that item increases.

According to the National Association of Realtors (NAR), the supply of homes for sale dramatically increases every spring. As an example, here is what happened to housing inventory at the beginning of 2017:


Putting your home on the market now instead of waiting for increased competition in the spring might make a lot of sense.

Bottom Line
Buyers in the market during the winter months are truly motivated purchasers. They want to buy now. With limited inventory currently available in most markets, sellers are in a great position to negotiate.

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  home sales, low inventory, pricing

Monday, January 29, 2018   /   by Bobbie Schwartz

U.S. Housing Inventory Crunch Continues… List Your House Today!

Every winter, families across the country decide if this will be the year that they sell their current houses and move into their dream homes.

Mortgage rates hovered around 4% for all of 2017 which forced many buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW!
At the same time, however, inventory levels of homes for sale have dropped dramatically as compared to this time last year.
Trulia reported that “in Q4 2017, U.S. home inventory decreased by 10.5%. That is the biggest drop we’ve seen since Q2 2013."
Here is a chart showing the decrease in inventory levels by category.
 
The largest drop in inventory was in the starter home category which saw a 19% dip in listings.

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 2018, now may be a perfect time.

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  home sales, mortgage rates, pricing, low inventory

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