
As shown above, we are currently experiencing the lowest inventory levels we have seen anytime in the past six years.
The results?
- Some buyers are frustrated that they can't find what they're looking for in a home.
- Some sellers are excited to be able to sell their houses quite quickly as there are not many competing homes.
- Some sellers are depressed that they are in a price range that is sill experiencing an over-supply.
See Page 15 of my
monthly market report for inventory levels by price range.
Let me know if you would like an analysis of competing inventory for your particular home.