Did you know that inventory in our area is down 43% compared to last year at this time? 43%! What does that mean for you? Well, for starters, if you have been on the fence about listing your home, there has never been a better time. Qualified buyers call me every day looking for homes. Unfortunately, I just don’t have many to show them right now. With spring right around the corner, I think we will see a surplus of buyers and not enough homes currently for sale. This can often lead to higher price offers with a shorter amount of time on the market. Words that any seller is excited to hear.
If you are a buyer, don’t let this news discourage you. More homes will be coming on the market between now and spring. One thing to keep in mind is that you are likely to have a lot of competition when looking for homes. If you find a home that you like and the price is within your budget range, don’t wait. There’s a good chance the next person to tour the home will make an offer.
The house you saw today and wanted to think about until tomorrow may be the same house someone else looked at yesterday and will buy today.