Housing inventory is up around the nation, but well under the amount of homes that were for sale during the crash of 2008. So, if you’re hoping for a crash, you could be waiting awhile, at least in our area! Homes are selling faster in our local area compared to the national average and most local buyers are still facing multiple offer situations. We are still in a seller’s market with under a two-month supply of inventory. But sellers beware – do not overprice your home! Homes priced high sit and end up with price reductions.
Why Some Homes Sell Quickly – and Others Sit on the Market
If you’ve been watching the real estate market lately, you may have noticed something interesting. One home goes on the market and is under contract within days. Another home sits for weeks and eventually has a price reduction. So, what makes the difference?
