Will Inventory Levels Be Even Lower Than Low This Spring?


Will Inventory Levels Be Even Lower Than Low This Spring?
By Scott Rogers • April 17, 2020
If you haven't heard, inventory levels have been LOW lately -- with very few homes for sale at any given time -- which can be frustrating for buyers. And it is even more frustrating and challenging for seller/buyers -- folks who need to both sell and buy at the same time. If you have to sell your home, but you aren't sure whether you can find something to buy, you'll likely wait to list your home for sale until your dream home comes on the market. This phenomenon (seller/buyers waiting to list until they find something to buy) further reduces inventory levels because the seller/buyer's homes are not listed for sale. And now, with COVID-19 causing some sellers to wait a few weeks or months to list their homes, it seems possible that we'll see even lower inventory levels than we would expect to see at this time of year. The upside for sellers who are willing to list their homes right now is that they might have less competition from other sellers who might choose to wait to list their homes for sale. The downside for buyers is that they might have to wait even longer for the "right" home to come on the market for sale. Receive Updates by Email Recent Articles: There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 22, 2024 (unless otherwise noted).
Comments (0) or Subscribe