Current inventory levels were down 8% in June compared to last year. That continues to put pressure on buyers to move quickly with offers while pushing prices higher as a simple scale of supply and demand. Pending contracts, in fact are up 4% over last year. As the market swings through the normal (and what seems as abnormal) courses of up and down, everyone wants to know how long this will last.
Recent reports from NAR’s lead economist say to get ready because the inventory levels won’t increase to meet the need for a few years. So whether you are thinking of buying or selling due to a job, baby, or some other familial change, we are strategically placing our clients in a position of success. Find out how and call us today.