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Inventory is slightly up from last month, however we are hovering around 200 homes on the market. Rates have also ticked down 4 weeks in a row which is great for buyers using financing.
BUYERS: Low inventory makes it difficult to be choosy if you are on a timeline. Be patient, more inventory will come on the market as we move into spring. Open houses are flooded and multiple offers are back. If you see a property you like, don’t miss the opportunity. Many properties are listed off market so you need a local agent who is plugged in and has access to private exclusives.
SELLERS: Less inventory is less competition and more demand. If you have an updated home in a desired location, watch out. Be shrewd & price to the comps. This is an excellent time to list your home. Homes well presented are going fast.
