Have you been driving through you neighborhood and noticed a FOR SALE sign only to have it be SOLD a few days later?
That’s because this is the best the market has been in years and houses are being snatched up as quick as can be. This is a great time for sellers but can be somewhat down putting for a buyer with a lot of competition!
Realtor.com did a survey of its readers and the biggest problem to buying right now is the low inventory of homes to buy from.
One reason for this low inventory is many sellers don’t even begin to think of selling until summer according to Realtor.com.
Plus sellers have to consider if they will be able to find a new home to buy once they sell their own…
It is a very important decision on whether or not to sell your home but the time is now for both selling and buying says Jonathan Smoke, the chief economist at Realtor.com.
Real estate is like any other economy, it goes up and down with supply and demand. There is no promise that what is happening now will continue in a few months.
Be cautious but don’t be afraid to make that next move!