Selling

Dated: 01/29/2018

Views: 28

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

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:

U.S. Housing Inventory Crunch Continues… List Your House Today! | Keeping Current Matters

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 the perfect time.

Blog author image

Michael Le

Michael has been a Real Estate Broker in the Denver area for 17 years. With over hundreds of closed transactions under his belt he is a wealth of knowledge. Michael is skilled at contract negotiatio....

Latest Blog Posts

Homeownership

Homeownership: “The Reports of My Death Have Been Greatly Exaggerated”The famous quote by Mark Twain in the title of this article can be used to describe homeownership in America today. Last,

Read More

Buyer Bidding Wars

Bidding Wars Abound… How Long Will They Continue? 320SHARES 257 19 0 8 36 Just like with any product or service, the law of supply and demand impacts home prices.

Read More

Selling

U.S. Housing Inventory Crunch Continues… List Your House Today! 1.1KSHARES 875 97 0 16 147 Every winter, families across the country decide if this will be

Read More

Appraisal Gap Narrows

Gap Between Homeowners & Appraisers Narrows To Lowest Mark In 2 Years 341SHARES 278 16 0 4 43 In today’s housing market, where supply is very low and demand is

Read More