The Impact Of Tight Inventory On The Housing Market

Housing inventory is tight….making for a great time to sell you home to realize top demand and therefore top value!

The housing crisis is finally in the rear-view mirror as the real estate market moves down the road to a complete recovery. Home values are up, home sales are up, and distressed sales (foreclosures and short sales) have fallen to their lowest points in years. It seems that the market will continue to strengthen in 2018.

However, there is one thing that may cause the industry to tap the brakes: a lack of housing inventory. While buyer demand looks like it will remain strong throughout the winter, supply is not keeping up.

Here are the thoughts of a few industry experts on the subject:

National Association of Realtors

“Total housing inventory at the end of November dropped 7.2 percent to 1.67 million existing homes available for sale, and is now 9.7 percent lower than a year ago (1.85 million) and has fallen year-over-year for 30 consecutive months. Unsold inventory is at a 3.4-month supply at the current sales pace, which is down from 4.0 months a year ago.”

Joseph Kirchner, Senior Economist for Realtor.com

“The increases in single-family permits and starts show that builders are planning and starting new construction projects, that’s a good thing because it will help to relievethe shortage of homes on the market.”

Sam Khater, Deputy Chief Economist at CoreLogic

Inventory is tighter than it appears. It’s much lower for entry-level buyers.”

Bottom Line 

If you are thinking of selling, now may be the time. Demand for your house will be strong at a time when there is very little competition. That could lead to a quick sale for a really good price.

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About Matthew Stewart Real Estate

Matthew Stewart Real Estate Team has nearly two decades and hundreds of homes SOLD success experience! Matthew Stewart consistently is in the top 5% of Real Estate agents in the Tri-County region of Sacramento (over 4,000 Realtors), which includes but is not limited to: Granite Bay, Roseville, Rocklin, Loomis, Lincoln, Orangevale, Folsom, El Dorado Hills, Penryn, Newcastle, Auburn, and others. He began his professional Real Estate career at the age of 19. He has achieved the designation of GRI - Graduate of Realtor Institute, of which less than 15% of Realtors nationally achieve. During his Real Estate career he created the exclusive event titled “Artrageous.” A Rocklin Real Estate community chalk art event in which he partnered with the Rocklin Chamber of Commerce during their annual Hot Chili Cool Cars event. Matthew Stewart Real Estate Team generated nearly $40,000 in four years of which they donated all proceeds to the Rocklin Visual and Performing Art programs. He was pursued by William Jessup University to create their Men’s Golf Program in 2007 from scratch, and stepped down after five years as head coach in 2012 to pursue other entrepreneurial endeavors. In his time there he was asked by collegiate coaches to head up the Cal-Pac Championship tournament, (which he orchestrated at Morgan Creek Golf course in Roseville), and was asked to coordinate and run the National Qualifying tournament in which he chose to hold at the prestigious Bayonet Golf Course in the Monterey area of California. He also was a member of the Golf Coaches Association of America. In addition to his Real Estate business and coaching collegiate golf, Matthew has been a professional actor and model, professional speaker/trainer, coached high school boys basketball to a 55-9 record, including a 42 game winning streak, and built a direct sales business that spanned across the globe. He achieved levels that were in the top 5% of income earners world wide for the direct sales industry. He also was just one of 300 independent business owners that qualified for the "Seas the Moment" contest which spanned over 40 countries and over 1 million participants. If you would like to get some information regarding Matthew Stewart real estate in the Greater Sacramento Area, including Granite Bay, Roseville, Rocklin, go here: http://www.matthewstewartrealestate.com If you would like to get some information about William Jessup University, go here: http://www.jessup.edu

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