Your House Could Be the Oasis in an Inventory Desert - HOMEVETS REALTY - Sell Your Home with Professional Help from you Real Estate Veterans in Central TEXAS

Dated: May 13 2021

Views: 353

Your House Could Be the Oasis in an Inventory Desert | MyKCM

Homebuyers are flooding the housing market right now to take advantage of record-low mortgage rates. Many have a sense of urgency to find a home soon since experts forecast a steady rise in both rates and home prices this year and next. As a result, buyer demand greatly outweighs the current housing supply. Here’s how the shortage of houses for sale sets yours up to be the oasis in an inventory desert.

According to the National Association of Realtors (NAR), today’s housing inventory sits at an incredibly low 2.1-month supply, far below the 6-month mark for a neutral market. Inventory of single-family homes a year ago was already very low, and as you can see in the graph below, this year’s levels are even lower:Your House Could Be the Oasis in an Inventory Desert | MyKCMDue to these market conditions, today’s buyers frequently enter fierce bidding wars while trying to purchase a home. This in turn drives up home prices and gives sellers incredible leverage in the negotiation process, two big wins if you’re going to sell your house this year.

Bottom Line

In such a hot market, it can feel as though the supply of homes has virtually dried up, leaving buyers to wander in an inventory desert. That’s why there’s never been a better time to sell. To a parched buyer needing to secure a home as soon as possible, your house could be a true oasis.

The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Keeping Current Matters, Inc. does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Keeping Current Matters, Inc. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.
Blog author image

Yamilet Berlingeri

Allowed me to introduce myself, My name is "Yamy". I am a Licensed Real Estate Person who's Job is described as the Administrative Support Assistant and Office Manager at HOMEVETS REALTY, LLC. I am ....

Latest Blog Posts

Is It Time To Move on to a New Home? - HOMEVETS REALTY - Communicate with the Experts!

If you’ve been in your home for longer than five years, you’re not alone. According to recent data from First American, homeowners are staying put much longer than historical

Read More

Homeownership Is Still Affordable - HOMEVETS REALTY - Connect with your Real Estate Experts!

Homeownership Is Still AffordableEven with today's growing home price appreciation, homeownership is still affordable. Let's connect to make your homeownership goals a reality.Watch

Read More

Is the Number of Homes for Sale Finally Growing? - HOMEVETS REALTY - Experts in the Local Market!

An important metric in today’s residential real estate market is the number of homes available for sale. The shortage of available housing inventory is the major reason for the-

Read More

5 Tips for Making Your Best Offer - HOMEVETS REALTY - Homeownership!

In today’s sellers’ market, standing out as a buyer is critical. Multi-offer scenarios and bidding wars are the norm due to the low supply of houses for sale and high buyer;

Read More