Inventory Remains Low Despite Hot Market

Inventory Remains Low Despite Hot Market

Typically, there are fewer home buyers in the fall. Because of this, homeowners who sell after summer have to work a little harder to attract attention. This year, however, things are different. According to a new analysis, the housing market hasn’t cooled and there’s been little drop off in the number of interested buyers. Despite so, buyers outpace sellers far more.

Buyers Continues to Outpace Sellers

Therefore, anyone with a home to sell should be eager to take advantage, since the summer sales season seems to have extended into autumn. But while the number of buyers give sellers an advantage right now, homes for sale are still much lower than last year. During the first week of October, for example, for-sale inventory was down 38 percent nationally. And while that’s a slight improvement from the previous week, it’s not enough to meet demand, slow competition, and moderate home prices. That means, fall home buyers should expect summer-like conditions will linger, since the number of interested buyers continues to outpace the number sellers. Follow the link to learn more (source).

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