3 Expert Insights On Inventory In The Current Market
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The
current housing landscape presents greater home values, low interest
rates, and high buyer demand. All of these factors point to the strong market forecasted to continue throughout the rest of the year.
There is, however, one thing that may cause the industry to tap the brakes: an overall lack of housing inventory. Buyer demand naturally increases during the summer months, but the current supply is not keeping up.
Here is a look at what a few industry experts have to say:
“Market conditions are ripe for increasing home sales
with one glaring exception. The supply of homes for sale remains tight,
keeping existing home sales below potential.”
“We’re not seeing as many new listings come up on the
market…It was only 18 months ago that the number of homes for sale hit
its lowest level in recorded history and sparked the fiercest
competition among buyers we’ve ever seen.”
Bottom Line
If you’re thinking of selling, now may be the time. Demand for your
house will be strong during a period when there is very little
competition, ideally leading to a quick sale and a great return on your
investment.
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The
current housing landscape presents greater home values, low interest
rates, and high buyer demand. All of these factors point to the strong market forecasted to continue throughout the rest of the year.
There is, however, one thing that may cause the industry to tap the brakes: an overall lack of housing inventory. Buyer demand naturally increases during the summer months, but the current supply is not keeping up.
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