US Housing Inventory Crunch Continues List Your House Today

Dated: 01/29/2018

Views: 24

Image title

U.S. Housing Inventory Crunch Continues… List Your House Today!

   For Sellers, Housing Market Updates, Move-Up Buyers

Every winter, families across the country decide if this will be the year that they sell their current houses and move into their dream homes.

Mortgage rates hovered around 4% for all of 2017 which forced many buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW!

At the same time, however, inventory levels of homes for sale have dropped dramatically as compared to this time last year.

Trulia reported that “in Q4 2017, U.S. home inventory decreased by 10.5%. That is the biggest drop we’ve seen since Q2 2013.”

Here is a chart showing the decrease in inventory levels by category:

Image title

The largest drop in inventory was in the starter home category which saw a 19% dip in listings.

Bottom Line

Demand for your home is very strong right now while your competition (other homes for sale) is at a historically low level. If you are thinking of selling in 2018, now may be the perfect time.

Contributor
Charles R Juarez Jr

Blog author image

Charles Juarez

With my expertise in realty for both buying or selling a home in San Antonio, and surrounding areas. You have found the right resource for your real estate needs. Whether you are looking for a new hom....

Latest Blog Posts

Buying Remains Cheape

Buying Remains Cheaper Than RentingAugust 17th, 2018The latest Rent vs. Buy Report from Trulia shows that homeownership is still cheaper than renting in 98 of the 100 largest metro areas in the

Read More

Interest Rates Are Projected To Increase Steadily Heading Into 2019

The Cost of Waiting: Interest Rates Edition [INFOGRAPHIC] Friday August 17th, 2018  First Time Home Buyers, For Buyers, Infographics, Interest Rates, Move-Up

Read More

Image Title Housing Market Another Gigantic Difference Between 2008 And 2018

Housing Market: Another Gigantic Difference Between 2008 and 2018 Thursday August 16th, 2018  First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates,

Read More

Homebuyers Willing To Sacrifice MustHaves In Favor Of Good School Districts

Homebuyers Willing to Sacrifice ‘Must-Haves’ in Favor of Good School Districts Wednesday August 15th, 2018  First Time Home Buyers, For Buyers, Generation X, 

Read More