Inman news reports the national home inventory has hit a record low. September’s inventory dropped to a 2.7-month supply, according to data released Thursday by the National Association of Realtors.
Tampa Bay is following the National trend and we are seeing a seller’s market with a high buyer demand. We typically see a slow down in home sales towards the end of the year , but this year we are not seeing a slow down at all.
The bottom line is if you are on the fence about selling , now is an excellent time. You have a lot of factors working in your favor. Low interest rates, low inventory and high demand.
If you are in the market to buy , get pre-approved by a lender, be patient and hire a good realtor . You will need to have a professional full-time realtor watching the market for you 24/7 and hiring a strong negotiator will give you and extra edge.
Check out the complete article from Inman News-
https://www.inman.com/2020/10/22/inventory-hits-record-low/?utm_source=inbriefselect&utm_medium=email&utm_campaign=inbrief&utm_content=822476_textlink_0_20201022
Leave a Reply