US Housing Inventory Crunch Continues...List Today!

Dated: December 1 2017

Views: 17

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

5 Things to Know About Northern Virginia Real Estate

Here are five things that everyone should know about NoVa real estate.Looking to buy a home? Click here to view all homesLooking to sell your home? Get a free home value report hereI’ve got a

Read More

Differences Between Pre-Qualification and Pre-Approval

Here are a few essential home-buying terms that everyone should know.Looking to buy a home? Click here to view all homesLooking to sell your home? Get a free home value report hereYou’ll hear

Read More

Buying New Construction! Don't Go Alone!

Here’s why new-build buyers should still consider working with a Realtor. Looking to buy a home? Click here to view all homesLooking to sell your home? Get a free home value report

Read More

What’s Happening In Our Market to Start 2021?

Here’s the latest from the markets in Loudoun and Fairfax counties.Looking to buy a home? Click here to view all homesLooking to sell your home? Get a free home value report hereAs we begin a

Read More