Inventory continues to be low. In the past we figured a 3-4 month inventory to be normal. At last week’s sales rate that would mean we should have an inventory of about 700 to 1000. Our current inventory is FAR BELOW that number!
| Newly Listed | Back on Market | Price Increase | Price Lowered | Under Contract | Closed |
| 43 | 10 | 3 | 40 | 55 | 39 |
If you are thinking of selling…this is good news! At least in part. It does not mean you are likely to get an unreasonable price for your home; you will get a FAIR price. Buyers will be less likely to argue for unreasonably low prices because their selection is lower.
Fewer homes on the market means fewer homes LIKE YOURS are available. This is important in a market where buyers are driven by need rather than looking for monetary gain from their home. We think this is today’s market.
Your home will sell quicker! Again, with fewer homes like yours on the market a buyer knows that not moving quickly may well mean someone else buys the home they want. Talk to your expert today. Get the facts as they relate to YOU. Call 530 315-2808.
