If you’re thinking about selling your home, the time to make the move is NOW. According to Realtor.com’s recent Housing Shortage Report, the US is experiencing its most severe inventory shortage in twenty years. And a recent Trulia report found that home inventory dropped a whopping 10.5% in Q4 of 2017—the biggest drop the market has experienced since mid-2013.

In addition, the Trulia report found that homes across all categories—starters, trade-ups, and premium—are the most unaffordable they’ve been since Trulia started tracking the data. And while this is bad news for people looking to buy a home, it’s great news if you’re looking to sell.

Low inventory is creating competition for homes across the nation, and that competition is driving up prices, making it an ideal climate for sellers.

The Takeaway

This competition and low inventory isn’t going to last forever; in a recent article, economics experts from Realtor.com predict house inventory to start increasing towards the second half of 2018 (largely due to new construction). If you’re thinking about selling, now is the time to act.

The Ultimate Home Seller's Guide
What you can expect, from start to finish!

By Heather Dickson
Your Local Real Estate Expert

How to sell your house for the highest amount of money...

The Ultimate Home Seller's Guide
What you can expect, from start to finish!

By Heather Dickson
Your Local Real Estate Expert

… and as quickly as possible, with the least amount of disruption in your life. That’s what you’ll learn in this free guide: The Ultimate Home Seller's Guide

Name Required*

Send it To Me!

You might also like...