A Look at Housing Supply and What It Means for Sellers
By Shayne Stone, "Your Rock Solid Choice Realtor" RETIRED
(HomeSmart)
One of the hottest topics of conversation in todays real estate market is the shortage of available homes. Simply put, there are many more potential buyers than there are homes for sale. As a seller, you've likely heard that low supply is good news for you. It means your house will get more attention, and likely, more offers. But as life begins to return to normal, you may be wondering if that's something that will change.While it may be tempting to blame the pandemic for the current inventory shortage, the pandemic cant take all the credit. While it did make some sellers hold off on listing their houses over the past year, the truth is the low supply of homes was years in the making. Lets take a look at the root cause and what the future holds to uncover why now is still a great time t...
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