A New Low That Could Mean High Dollor For You

Dated: 07/24/2017

Views: 43

U.S. Housing Inventory Hits a New Low... List Your House TODAY!

U.S. Housing Inventory Hits a New Low… List Your House TODAY! | MyKCM

Every summer, families across the country decide if this will be the year they sell their current house and move into their dream home.

Mortgage rates have hovered around 4% for all of 2017, forcing buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW!! At the same time, inventory levels of homes for sale have dropped dramatically as compared to this time last year.

Trulia reported that “U.S. home inventory has tumbled 8.9% over the past year and has now fallen for nine consecutive quarters.” There is now 20% less inventory than there was five years ago.

Here is a chart showing the decrease in inventory levels by category:

U.S. Housing Inventory Hits a New Low… List Your House TODAY! | MyKCM

Bottom Line

Demand for your home is very strong right now while your competition (other homes for sale) is at a historically low level. If you are thinking of selling in 2017, now is the perfect time to do so.

Image title

Colorado Springs Real Estate professional -Christine Sullivan

Christine is a motivated realtor specializing in listings in the Colorado Front Range and new home buyers located in the following areas;Colorado SpringsMonument and surrounding areas. Christine Sullivan uses advanced internet marketing to insure your property gets maximum exposure and will give you a professional edge needed to navigate today's housing market. For help with buying or selling a property call 1-719 660-5801

  

Blog author image

Christine Sullivan

I arrived in Colorado Springs for a quick vacation in 1993 and within a few days I knew that this is where I belong! I transferred from the college I had just started attending in Orange County, CA an....

Latest Blog Posts

JUST LISTED!! 2355 Allyn Way, Colorado Springs 80915

!! COMING SOON !!2355 Allyn Way, Colorado Springs, CO 80915$260,000 3 bed, 3 bath, 1776 sq ft., 2 car detached-garageClose to Powers Corridor shopping, dining, and parks. Dog park within walking

Read More

Real Estate Terms: Counter Proposal

After you make an offer to the sellers, they may send back a counter offer/counter proposal. This happens when the sellers like most of your offer but want to change a few things. Once they send

Read More

Real Estate Terms: Earnest Money

Earnest Money is a negotiable deposit that the seller is requesting upon the acceptance of your offer to buy their home. Sellers are at risk when they put their house up for sale. If they accept an

Read More

Real Estate Terms: Buyer's Agent

 Buyer’s Agent                            ;&

Read More