Inventory Is Low


Well, if you were looking to time the bottom of the market to buy a home, I think we found it about 6 months ago. All indications point to increasing prices. The most drastic one is the lack of inventory right now. There is a 3.5 month supply of houses to buyers right now.

 

2200 Houses for Sale 2010
1600 Houses for Sale 2011
1200 Houses for Sale 2012
What this means is if you are looking for a house right now, there is not a lot to choose from, but prices are still down considerably from 5 years ago.

And if you are looking to sell, now might be a good time to put your house on the market while competition is low.

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