Scott P. Rogers
Funkhouser Real Estate Group
540-578-0102  •  email
Brought to you by Scott P. Rogers, Funkhouser Real Estate Group, 540-578-0102, scott@HarrisonburgHousingToday.com
Brought to you by Scott P. Rogers, Funkhouser Real Estate Group, 540-578-0102, scott@HarrisonburgHousingToday.com
Friday, April 17, 2020
Inventory Levels
If you haven't heard, inventory levels have been LOW lately -- with very few homes for sale at any given time -- which can be frustrating for buyers.

And it is even more frustrating and challenging for seller/buyers -- folks who need to both sell and buy at the same time.
If you have to sell your home, but you aren't sure whether you can find something to buy, you'll likely wait to list your home for sale until your dream home comes on the market. 
This phenomenon (seller/buyers waiting to list until they find something to buy) further reduces inventory levels because the seller/buyer's homes are not listed for sale.

And now, with COVID-19 causing some sellers to wait a few weeks or months to list their homes, it seems possible that we'll see even lower inventory levels than we would expect to see at this time of year.
The upside for sellers who are willing to list their homes right now is that they might have less competition from other sellers who might choose to wait to list their homes for sale.

The downside for buyers is that they might have to wait even longer for the "right" home to come on the market for sale.