In Short Supply

Currently I’m working with a wonderful engaged couple, who is looking to purchase their first home together.   We’ve toured a few times but the problem we run into is the lack of inventory. 

In this slow market, everyone is anxious and fearful of what is to come.  As a result, sellers are not quick to list homes and many people are “hunkering down” and not selling until the market returns to a better state.  The result is a very small amount of homes on the market. 

A year or two ago, I often had 3-5 new homes each week that would fit a buyer’s criteria.    This meant we found them their ideal home sooner.  These days, because I don’t have new inventory to show as often, the buying process takes a bit longer and there is less to choose from.

The upside is, when you do find your dream home, the price and rate will likely be ideal.  Sellers are more open to negotiation than ever, and your monthly payment and buying payment will be better in this market than a hot one.

If you’re interested in purchasing  a home in the next year, I would recommend starting sooner than later as you’ll have more choices and options to look at.  Email me if you’d like to meet for a consultation or head out on tour!