Listing inventory is making a seasonal rise. As of April 15th, we saw a 16 % rise in inventory month over month, and a 42% rise year over year. Pending data shows that buyer’s demand is keeping up with inventory, but closed data is down year over year.
We are seeing some homes have bidding wars and some homes sit for months right now. Here’s the Secret! Sellers who have gotten their home in move-in condition, choose a position that includes the proper price and terms, are seeing multiple buyers for their home. As a buyer, there are homes that have been on the market for more than 75 days. This exceeds the market average and does tell you of a potential seller willing to look at offers. If you, or someone you know, is wanting to enter the market, let give a specific market trend for you or your friends?
