US Housing Inventory Crunch Continues List Your House Today

Dated: 01/31/2018

Views: 98

Image title

Every winter, families across the country decide if this will be the year that they sell their current houses and move into their dream homes.

Mortgage rates hovered around 4% for all of 2017 which forced many buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW!

At the same time, however, inventory levels of homes for sale have dropped dramatically as compared to this time last year.

Trulia reported that “in Q4 2017, U.S. home inventory decreased by 10.5%. That is the biggest drop we’ve seen since Q2 2013.”

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


The largest drop in inventory was in the starter home category which saw a 19% dip in listings.

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 2018, now may be the perfect time.


Latest Blog Posts

Market Update For January 2018 Durham Johnston Orange And Wake RaleighGreatHomescom

Market Update for January 2018 Durham, Johnston, Orange, and Wake RaleighGreatHomes

Read More

Feb 17 2018 29190 1

Depending on where you live, the end of winter means different things. Maybe it’s the anticipation of an explosion of colorful wildflowers, or maybe it’s just a break from all the heavy, wet

Read More

Improving Your Odds Of Getting A Mortgage Youll Love

Oh, sweet mortgage! You’re just a few mental jumps away from applying for a loan that’ll get you out of the apartment life forever and into a home of your own. Before you darken a lender’s

Read More

Critical Mortgage Related Questions For Raleigh 1st Time Home Buyers

Here are some questions that Raleigh first time home buyers may be embarrassed or afraid to ask. There is no need to be afraid to ask any question, especially when it comes to the most expensive

Read More