Inventories are Low and Buyers are Looking for a Home Like Yours
Why Are Inventories Low
Properties are just now reaching the point at which their values are high enough to sell without the home owner owing money after the sale. That trend is blended with the consistent rise in home values and homeowners are watching and waiting for prices to keep going up… up.… and away!
Why Should I Sell Now
- Supply/Demand. Buyers are looking at a very limited supply. (Source) This is market specific. To learn more about where listings are flying off the shelf in Bozeman, MT, please call me! 406-209-0022.
- Interest Rates. They are low and expected to rise soon. This takes away the viability for some buyers to put in offers. (Source) Even a .5% jump in interest rates reduce the purchasing power for many.
- The Market Always Move. There are many predictions that can be made regarding what will happen or what may be the next biggest trend, but at this moment, it is a strong seller’s market. That is what we know.
Fact of the matter is that the housing market is volatile. Trends wax and wane and predicting the future market is a risky game to play when it comes to the worth of your home. The only thing we know for sure is that right now, buyers are looking at a small and ever-shrinking inventory pool. If sellers wait until that ‘perfect time’ to list, others will see the opportunity as well making your new-on-the-market home not so special… so the real estate pendulum will shift back to being a buyer’s market.