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Lately, I’ve been getting a lot of questions about our housing inventory and what it means. I wanted to talk to you about why the number of homes that are on the market is so important.
Housing inventory is a measure of the number of homes currently on the market. A good level of inventory is at least six months' worth of homes on the market at one time. The number of homes on the market does have a significant impact on your home’s value.
"With such a small supply, we have buyers stacking up."
With such a small supply, we have buyers stacking up who are all waiting for homes to be listed on the market. When we have a situation like this, it often can lead to multiple offers and offers above asking price.
If you have any questions, give us a call or send us an email. We would love to hear from you.
