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).

A1 Mortgage

Here at A1 Mortgage, we know how important it is to choose the right house for you and your companion. We have the responsibility to provide you with the best products and the highest level of customer service possible. With hundreds of loan programs available, we tailor a loan specific to your mortgage needs. So come get pre-approved and start shopping for your dream home by clicking here!

Share This Story, Choose Your Platform!
Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp
Share on pinterest
Share on email