Housing Supply not Keeping up with Population Increase

A strong housing market that creates more of a balanced market is having 6 months supply of available homes on the market for sale. We are at appx 3 months supply which gives sellers a slight edge over the buyers. Mix that with the arduous process of getting new construction permits, this produces a housing inventory issue.

If you are a seller who has found themselves with no kids in the house, too many rooms to clean, alot of equity, and ready to downsize, your house is quite the hot commodity. 🙂

If you’re ready for that “move up” house or downsize to a smaller condo or… Let’s get together to discuss how we can make that happen for you!

#realestate #realtor #Coldwellbanker #ferndalerealestate

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