If You Have Some Flexibility With WHEN You Buy Your Home Then Low Inventory Levels Are Less Of A Concern


If You Have Some Flexibility With WHEN You Buy Your Home Then Low Inventory Levels Are Less Of A Concern
By Scott Rogers • August 21, 2024
Housing inventory levels are low... just about any way you slice or dice the data. That doesn't mean there aren't any houses listed for sale. There are quite a few houses listed for sale. That doesn't mean the houses currently listed for sale won't be interesting to you. They very well may be interesting to you. But... depending on what you are looking for in your next home, you are likely to only have a few options from which to choose right now... and it will likely be the same next week and the week thereafter. But... if you have some flexibility in WHEN you buy your home, then these lower inventory levels shouldn't be as much of a concern for you. If you have to buy a house in the next two weeks, then low inventories will directly impact you and you will likely have very few options. If you can buy a house anytime in the next three months, then you should have plenty of options from which to choose during that timeframe, and low inventory levels will not affect you nearly as much. Let's chat about your timeline for making a purchase, as it relates to your move to the area, or as it relates to your current lease, and then we can get a sense of how concerned you should be about low inventory levels. 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 21, 2024 (unless otherwise noted).
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