One topic I touched upon during a recent real estate panel detailed the market forces of 2021 which led to the extremely high price growth which are still in effect today.
The four forces are limited supply, elevated demand , demographics and low mortgage rates. Here is a national look at the supply / demand imbalance we are currently dealing with
- Today’s housing market is the direct result of low supply and high buyer demand. Here’s what that means for you and your plans to buy or sell.
- For buyers, expect competition, be ready to move fast, and be prepared to submit your strongest offer. For sellers, know your house will be the center of attention and that it’ll likely sell quickly and get multiple offers.
- If you’re ready to move, let’s connect to talk about our local area and how you can take advantage of today’s unprecedented housing market.