
Could your home be the oasis in the desert for home buyers? Homebuyers are continuing to flood the market due to a sense of urgency as mortgage rates slightly rise. The fear? That they will continue to rise along with home prices this year and next! So like we have been sending, buyer demand is greatly outweighing the current housing supply.
According to NAR (National Association of Realtors), today's housing inventory sits at an incredibly low 2.1 month supply, far below the 6-month mark it normally sits at. Not to mention inventory of single-family homes a year ago was already very low, and this year the numbers are even lower! While fierce bidding wars continue to plague the market, it is leaving many buyers to wander around what we like to call an "inventory desert."
What does that mean for you as a seller? IT IS THE PERFECT TIME TO SELL! Your home to a buyer is the dream they have been waiting for and they will want to secure it as fast as possible by any means possible... AKA win win for you!