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U.S. Housing Inventory Hits a New Low… List Your House TODAY!

Claire Crawford

Claire Crawford has been a resident in Montgomery County since 1977. She grew up in Potomac, MD and attended Potomac Elementary, Cabin John Jr...

Claire Crawford has been a resident in Montgomery County since 1977. She grew up in Potomac, MD and attended Potomac Elementary, Cabin John Jr...

Feb 8 2 minutes read

Mortgage rates have hovered around 4% for all of 2017, forcing buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW!! At the same time, inventory levels of homes for sale have dropped dramatically as compared to this time last year.

Trulia reported that “U.S. home inventory has tumbled 8.9% over the past year and has now fallen for nine consecutive quarters.” There is now 20% less inventory than there was five years ago.

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

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 2017, now may be the perfect time.

Thinking of Buying or Selling?

We have the experience you need. Don't' sell for less than you deserve. We can show you how to achieve the best price possible.

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