If you’ve been following our real estate market at all over the past couple years, you’ve heard the term “low inventory” quite a bit. Even if you haven’t, let me assure you:
There aren’t enough homes for sale right now.
In the industry, we often measure inventory in the number of months it would take to sell all the homes currently on the market. January is typically the month with the highest inventory (which held true for the past two years). Take a look at where our numbers are right now in comparison.
Given that we were already experiencing an inventory crunch, imagine what this year will be like with the listed properties nearly cut in half!
Buyers compete fiercely for attractively presented homes and my M Realty team has the best marketing in the business.
Later in the year we are likely to have a little more inventory. A lot of people wait until summer. But why wait until you have more competition. Right now sellers get maximum exposure, and compete with fewer homes on the market.
If you’re thinking of selling or have any questions at all about making a move, consider me your resource. I’m always available to help you and your loved ones with anything home-related.
I’d love to chat with you about your real estate plans and see how we might turn the current market climate to your advantage.