WHOA! We are down nearly an entire month’s inventory since last month. It’s happening faster this year than it did last year. What’s happening you say? The full fledged Seller’s market of course! Buyers are out in droves right now due to the changes in lending, the low interest rates, and the reasonable home prices. Good news for seller. Buyers, secure your home now while you still have a selection!
With the mortgage interest rates as low as they are, the changes that the mortgage industry just announced (money savings for borrowers), and inventory levels that are at the highest they have been since this time last year, it’s now time to buy. If you are a buyer, don’t wait until our traditional busy season. If you start now, you’ll be loving life in your new living room while the “late to the party” buyers are out scrambling for homes and out bidding each other. It happens nearly every year. Be ready for it this year! And Sellers, don’t think your home is going to sit on the market just because inventory levels are a little high…they always are this time of year. The buyers are out there NOW buying up the inventory. As long as you are properly priced for your condition, you’ll get activity in this market! Call or text 480.250.0023 with any market condition questions.
Lower levels of inventory and low interest rates means the buyers that are out there are salivating for that perfect opportunity. For sellers looking to sell, as long as you are priced correctly you should have more than enough buyers willing to place offers when you first hit the market. For buyers looking to buy, make sure to double check with us regarding your loan program ASAP. January has brought about changes that may affect you.
