A recent article published on RISmedia.com tells us that inventory is now at its lowest in 20 years! There are many reasons why, but according to a new survey by realtor.com, 63% of the homeowners polled are happy where they are - whether they have recently purchased their home, have plans to upgrade their current home, or they don't want to give up their current low interest rate.
Many are also hesitant to sell knowing how few homes are available, even if they stand to make a decent profit on their home. However, 35% of millennial homeowners polled are planning on listing their homes within the next year, which could give the market a healthy boost.
If you've been thinking about selling your home, now is the time to get it on the market! Contact us for a full market analysis!