Sellers: Your Home is an Oasis in an Inventory DesertFirst-time homebuyers are flocking to the real estate market by the thousands to find their dream homes in order to make their dreams of
US Housing Inventory Just Hit A New Low
Every summer, families across the country decide if this will be the year they sell their current house and move into their dream home.
Mortgage rates have hovered around 4% for all of 2017, forcing buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW!! At the same time, inventory levels of homes for sale have dropped dramatically as compared to this time last year.
Trulia reported that “U.S. home inventory has tumbled 8.9% over the past year and has now fallen for nine consecutive quarters.” There is now 20% less inventory than there was five years ago.
Here is a chart showing the decrease in inventory levels by category:
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 2017, now may be the perfect time.
Involved in the Real Estate business since 1994, I've helped over 1,200 families find their new home. Specializing in homes in the North West part of Austin and Hutto, plus with an immense knowledge i....