Buyers are looking...You interested? As new data from the National Association of Realtors tells us, the housing market could be cooling simply because of a lack of inventory.
In this article, Inventory Woes Drain Momentum, the chief economist for the Realtors, Lawrence Yun says, “Demand continues to overwhelm supply in most of the country, and as a result, many would-be buyers from earlier in the year are still in the market for a home, while others have perhaps decided to temporarily postpone their search.” This is accurate for our area as well. However, he continues on to say, “The good news is that nearly all of the missed closings for the remainder of the year will likely show up in 2018, with existing sales forecast to rise 6.9 percent.”
Let me know if you are interested selling. Now would be a great time and I'd be happy to discuss the pros and cons.
Thanks -
Brooke Cashion
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