Low Housing Inventory Drags Down Housing Numbers

Low Housing Inventory Drags Down Housing Numbers

Low Inventory Stalls Sales in July

“As NAR Chief Economist Lawrence Yun explained during a recent press conference, this pullback in sales is the result of a supply problem and not one of households turning their noses from buying a home. For most of this year, listings are typically going under contract about one week faster than even last year’s quick pace. There are buyers out there, but not enough listings for sales to really break out like they should be given the strength of the labor market.”

So it’s important when reading real estate news headlines about downward trends, that we look into the reasons behind those numbers. If you’re a seller still on the fence about selling, now is the time to put your house on the market. If you’re a buyer looking for a home, it’s best to act quick if you see a home of interest. Now let’s get moving!
Sales Activity This Week 11/20/16 – 11/26/16

Sales Activity This Week 11/20/16 – 11/26/16

Thanksgiving week typically signifies the beginning of the holiday slowdown, but with the shortage of homes for sale and an increasing number of buyers looking to purchase before interest rates rise we have remained busy. If you’re a seller, now is a good time to enter the market!

Here’s what we did this past week:

UNDER CONTRACT

SOLD

NEW LISTINGS

If you’re interested in selling, contact us today so we can help you sell fast and for top dollar!!!

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