US Housing Inventory Just Hit A New Low

Dated: 07/24/2017

Views: 103

 

U.S. Housing Inventory Hits a New Low… List Your House TODAY!

U.S. Housing Inventory Hits a New Low… List Your House TODAY! | MyKCM

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:

U.S. Housing Inventory Hits a New Low… List Your House TODAY! | MyKCM

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.


Blog author image

Larry Gilman

I've been involved in the Real Estate business since 1994 and have helped over 1,200 families buy or sell a home, some I've done two and three times. I specialize in creative financing, home marketing....

Want to Advertise on this Site?

Latest Blog Posts

Kids Opinions Matter When Buying A Home

 Parents Say Kids’ Opinions Matter Big When Buying a HomeA recent survey conducted by Harris Poll and released by SunTrust Mortgage found that “55% of

Read More

4 Steps To Follow When Presenting An Offer In Todays Market

 4 Steps to Follow When Presenting an Offer in Today’s Market!So, you’ve been searching for that perfect house to call a ‘home,’ and you’ve finally found it! The price is right, and

Read More

4 Reasons Why Summer Is A Great Time To Buy A Home

 4 Reasons Why Summer Is a Great Time to Buy a Home!Here are four great reasons to consider buying a home today instead of waiting.1. Prices Will Continue to RiseCoreLogic’s latest 

Read More

Real Estate Tops Best Investment Poll For 5th Year Running

 Real Estate Tops Best Investment Poll for 5th Year RunningEvery year, Gallup surveys Americans to determine their choice for the best long-term investment. Respondents are given

Read More