When homes are priced correctly we are seeing 59.2% still selling in 10 days or less. After a slight increase in the number of homes on the market last month, this month we are seeing a 6.5% decrease in homes available.
At the beginning of the month we had 175 homes for sale where we had 356 at the same time last year! That is 49.1% fewer homes on the market. We seem to be in a strange cycle with low housing inventory and sellers that would like to buy a new home, however they can’t find the home they’d like to purchase, so they are hesitating to put their homes on the market.
With interest rates still below 3%, it’s a great time to buy, and with anxious buyers and limited inventory, it’s for sure a great time to sell!