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U.S. Housing Inventory Crunch Continues…

House Market Solutions Real Estate News U.S. Housing Inventory Crunch Continues…

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:

housing inventory by category

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

Bottom Line

Demand for your home is robust right now while your competition (other houses for sale) is at a historically low level. If you are thinking of selling in 2018, now may be a perfect time.

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