Record Low Housing Inventory Is Good News For Sellers

Dated: April 21 2020

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It looks like the upcoming spring season is going to be a competitive one for buyers.

According to recent data from realtor.com, national housing inventory dropped 13.6 percent from January 2019 to January 2020. Not only is that the steepest decline in over four years, but it also marks the lowest level of available homes for sale in the US since realtor.com started tracking the data back in 2012.

The good news? While the inventory shortage might make it hard to buy a home this Spring, it also makes it a great time to sell. Because there aren’t a lot of properties on the market, there’s likely to be fierce competition for your home, which can drive up the value. So, if you’ve been thinking about selling? Looks like this upcoming spring should be a great time to make a move.

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Graham Green

I have been in Real Estate coming up on 20 years now. In that 20 years I have sold over 1300 homes in VA, MD, and DC. In addition to selling homes I have also consulted with Realtors and Real Estate....

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