Do you want content like this delivered to your inbox?
Share
Share

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

John P.R. Lee

Experienced -  A top real estate agent licensed in Maryland and team leader of the Crawford & Lee Team serving Maryland, Virginia, and Washington DC ...

Experienced -  A top real estate agent licensed in Maryland and team leader of the Crawford & Lee Team serving Maryland, Virginia, and Washington DC ...

Feb 8 2 minutes read

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:

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.


5 Reasons to Sell This Winter!

You have the power to take control of the situation by putting your home on the market. Pe...

Read More

Low Interest Rates Have a High Impact on Your Purchasing Power

According to Freddie Mac’s  latest  Primary Mortgage Market Survey  , interest ...

Read More

What's My Home Worth?

Find the value of your home in the Maryland, Virginia and Washington, D.C  real estate mar...

Read More

Crawford & Lee's Coming Soon

We are constantly meeting with homeowners about the sale of their homes. As a result we ha...

Read More

 

Expertly guiding you on your successful home sale or home purchase journey

We're here to help!

We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info