As we enter into the heart of the Spring market, the inventory of available homes remains very low. Even though last week the inventory practically doubled from the week before, inventory is still 1/2 of what we usually see at this time of year.
Many homes did come on last week in anticipation of the Easter weekend and spring break and there are additional homes that have come on for this Easter weekend. Yet, the demand remains very high and there are still multiple offers and sales over asking price. Now that we are 3 weeks away from Memorial Day and the UN-official start of the summer, this should be the time we would see the most number of new listings appear on the market! All bets are off though on this one.
Some off market inventory has increased, as some would like to sell without having to go through the whole preparation and marketing process which makes finding a home a bit more difficult. Real Estate agents are networking like never before with their colleagues to see what they have coming up. After 30 years in business, I have some great connections and have found a number of off-market or at least coming soon homes to show my buyer clients.
Contact me to find out what’s happening in your neighborhood!