In my opinion, the primary reason that home prices are not going down in the foreseeable future, is "lack of inventory". This short article does a good job of graphically explaining this by comparing past inventory levels to today's levels.
Today’s Housing Market Has Only Half the Usual Inventory [INFOGRAPHIC]
Some Highlights
- There are only about half the number of homes for sale compared to the last normal years in the market.
- That means buyers don’t have enough options right now. So, if you work with an agent to list your house, it should be in the spotlight.
- If you're thinking of selling, let’s connect so your house can stand out while there’s such a shortage of supply and buyers are craving more options.