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Housing inventory at an all time low!

by: Sue Adler
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shutterstock_171533111Our NJ Midtown Direct housing inventory is down 300 homes in January compared to last year… an all time low! But here’s what I find interesting…a survey done by KCM says that 71% of homeowners would sell in the next 12 months. While this may seem like an inflated number, even if a portion of that staggering percentage is true we are in for a huge increase in inventory this spring (April-June).

I have personally received many more calls to list this spring compared to last spring and that is a strong indication of the amount of inventory that will be coming to the market over the next four months. If you are thinking of selling, the tendency is to want to wait until your flowers are in bloom, just be aware that you may face a lot more competition.

Today’s buyers are frustrated with the lack of inventory and are itching for their perfect house to come on the market. Yes, even with all this snow 🙂

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