U.S. Home Inventory Hits Record Low Since Housing Market Began Turnaround In 2012

In a Trulia press release, it was recently announced that the number of homes on the market dropped for the eighth consecutive quarter, falling 5.1% over the past year. In a seminar I recently attended, it was stated that the real estate market has it’s lowest inventory in 20 years! What does this mean for potential sellers? If you have been considering selling, now is the time, since there is little competition. If you are considering putting your home on the market, contact me for a no obligation consultation to find out your home’s potential value and tips to get top dollar. What does this mean for potential buyers? If you find a home you like and can see yourself living in for the next several years, make an offer– or someone else will!