Inventory is at record lows:
A peek at why
The New York Times recently published an article by Emily Badger and Quoctrung Bui, “Where Have All the Houses Gone?” The pandemic is only one factor contributing to the current market’s record low inventory. Other factors were leading up to this. In fact, inventory has been trending downward for several years. Here’s a quick look at all of them.
The pandemic has certainly contributed to low inventory levels in several ways:
All of this to say, your home has most likely appreciated 20% to 50% in value in the last 6 months alone.
If you want to take advantage of the market but are worried about any of the reasons above, we can help! We have many home sale options available including:
1. Cash offer at or above market value.
2. Off-market sale (no need to put in on the MLS).
3. Cash offer and you stay in your home as a renter for a year or two.
4. Keep your first home as an investment and we’ll help you with a move up.
We are growing! Hiring both sales and operations positions - let us know who you know!