US Housing Inventory Crunch Continues...List Today!

Dated: December 1 2017

Views: 11

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:

U.S. Housing Inventory Crunch Continues… List Your House Today! | MyKCM

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.

Blog author image

Kelly Krogmann

Welcome! Do you believe in coincidences? Because I think you landed here for a reason, and I’m so excited to have you! My name is Kelly Krogmann, and I’ve been serving the TriState real estate ma....

Latest Blog Posts

Loudoun County Real Estate Market Report for Jul7 2020

Click the video link to listen to Kim Barber share insights into the July 2020 Loudoun County Real Estate Market.  This covers the areas ranging from Sterling real estate market, Ashburn and

Read More

Watch here to learn "What is a Contingency in a Real Estate Contract"

Watch this video to learn "What is a Contingency in a Real Estate Contract"Real Estate Contracts are Confusing. A real estate contract contingency is part of that agreement of sale that outlines a

Read More

Renovation Project Leesburg - Video # 1 of 3 - The Starting Phase

"Renovation Project Leesburg" has begun!  Its Loudoun County's very own Kim Barber whom gives her HGTv style spin on this townhome in Leesburg VA.  This is a 3-level townhome in

Read More

Feb 15th - Smartsizing Class - A Conversation On Your Next Move

Are you, or someone you care for, thinking of downsizing in the Fairfax VA area? Does the idea of moving immediately bring on anxiety but you have unused space?Do you ever think to yourself..."My

Read More