Here’s why inventory has been so low in our market for so long.
If you’re out looking for a home right now, you already know that there’s not a lot to choose from. How did we get into this low-inventory market, and how are we going to get out of it?
The reality is that we have above-average buyer demand, which is perceived as much higher than it truly is. The real challenge is the chronic and extreme shortage of houses we’ve had. January 2022 has the lowest recorded listing inventory since January 2001. It’s a very challenging market to be a buyer.
"We’ve helped many clients buy and sell in this market."
What’s behind this? For one, builders can’t build quickly enough to keep up with demand. Supply chain issues are causing more and more delays and price increases. A lot of move-up buyers are staying out of the market for now because they’re afraid of not being able to find a replacement home.
We’ve helped many clients buy and sell in the same market. We have a few different programs that we’ve created to help deal with these conditions, and we’d love to tell you about them.
If you have any questions about buying, selling, or real estate in general, don’t hesitate to reach out via phone or email. We look forward to hearing from you soon.
