Low inventory of homes, especially starter homes.
Now may be the perfect time to sell.
According to Trulia, the U.S. supply of homes on the market in the 4th quarter of 2017 dipped 10.5% compared to the same quarter in 2016. That’s the biggest drop since the 2nd quarter of 2013. Digging deeper, the bar chart shows that starter homes fall into the category with the biggest drop in inventory: a 19% dip year-over-year in Q4. What does this mean? Just more evidence that available housing on the market is in short supply, especially in the starter home category. Shoppers are out there. Mortgage rates are still historically low. Don’t wait to list your home until the spring when more inventory typically hits the market. If you are thinking of selling in 2018 then now may be the perfect time!
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