The real estate market is in the midst of a major comeback. Sales are greater than any time since 2007. Consumer confidence is increasing. Economists are now saying housing is the major tailwind to our nation’s overall economic recovery.
However, there is one major challenge that could stall the housing market: a lack of inventory.
Read more at the KCM blog Inventory: Only Challenge to the Real Estate Recovery.
Low inventory in busy spring market is: Advantage Seller
KCM writes about the national market, but this trend is happening in Wisconsin as well. We need inventory to sell. Your chances of a successful sale could not be better: Spring is coming, buyers are looking and low inventory can lead to competitive offers and higher prices. Typically, the lower the months of inventory, the more the market favors the seller. See Graphic.
Mortgage prices also remain low, but are expected to move up, adding some urgency. Contact First Weber if you are ready to list your home and move into another buy-up house during this exciting time.
See what’s for sale in Wisconsin at firstweber.com and check out sold prices in your neighborhood. Call your favorite First Weber Realtor for a detailed real estate update in your area.