- The Concept of Supply & Demand is a simple one. The best time to sell something is when supply of that item is low & demand for that item is high!
- Anything under a 6-month supply is a Seller’s Market!
- There has not been a 6-months inventory supply since August 2012!
- Buyer Demand continues to out-pace Seller Supply!
How does the current Supply & Demand affect you?
In a hot seller’s market, it’s more difficult to buy because there will be a lot of competition for each listing (theoretically, at least).
This is great news for sellers!
But typically, if you are selling your home, you’ll also be buying another home. That means you too will be competing in a hot market.
Be smart and be ahead of the game. Contact a Realtor first, and focus on buying your next home BEFORE you sell your current home.