Home sellers take note….we really do need you!
The biggest challenge to a Real Estate housing recovery is INVENTORY!!!
So what’s that mean to you? If you have been thinking of putting your home on the market but wanted to wait until spring ~ why wait? We need you now!!
Nationally, our housing inventory, or our supply of homes available for sale, fell by 4.9%, and that represents a 4.2 months supply of homes. That number is 25.3% below where it was a year ago and is at it’s lowest level since December 1999!!
According to NAR’s economist, Lawrence Yun, “We expect a seasonal rise of inventory this spring, but it may be insufficient to avoid more frequent incidences of multiple bidding and faster-than-normal price growth,”
So potential sellers, what are you waiting for? We need YOU now!