US Housing Inventory Just Hit A New Low

Dated: 07/24/2017

Views: 92


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

4 Reasons Spring Is A Great Time To Buy A Home

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

Read More

A New Housing Bubble Forming Not Before 2014

 A New Housing Bubble Forming…Not Before 2024!A recent report by CoreLogic revealed that U.S. home values appreciated by more than 37% over the last five years. Some are

Read More

Housing Market Expected To Spring Forward This Year

  Housing Market Expected To “Spring Forward” This Year Just like our clocks this weekend in the majority of the country, the housing market will soon “spring forward!” 

Read More

2 Ways To Get The Most Money From The Sale Of Your Home

 2 Ways to Get the Most Money from The Sale of Your HomeEvery homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you

Read More