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Inventory can dictate ALMOST EVERYTHING.

I hear all the reports about how inventory is so low and when should you start listing your property. In this episode Pensacola Real Estate Expert Shane Willis discusses certain price points.

“Not everything is in a seller’s market. There are some that are in normal or buyers market. For a vast majority of properties here they are in a sellers market.”

This does not just effect how you list the property, but buyers as well. The mindset knowing this information should change how you present offers if you want the property.

Every summer, families across the country decide if this will be the year they sell their current house and move into their dream home.

Mortgage rates have hovered around 4% for all of 2017, forcing buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW!! At the same time, inventory levels of homes for sale have dropped dramatically as compared to this time last year.

Trulia reported that “U.S. home inventory has tumbled 8.9% over the past year and has now fallen for nine consecutive quarters.” There is now 20% less inventory than there was five years ago.

Here is a chart showing the decrease in inventory levels by category:

Bottom Line

Demand for your home is very strong right now while your competition (other homes for sale) is at a historically low level. If you are thinking of selling in 2017, now may be the perfect time. Get over to FiveMinutesinRealEstate.com and subscribe to the email list. This way we can schedule a conversation to discuss your individual needs