Harris County GA | The Impact of Tight Inventory on the Housing Market

January 15, 2018

The Impact of Tight Inventory on the Housing Market | Simplifying The Market

Harris County GA | The Impact of Tight Inventory on the Housing Market

However, there is one thing that may cause the industry to tap the brakes: a lack of housing inventory. While buyer demand looks like it will remain strong throughout the winter, supply is not keeping up.

Here are the thoughts of a few industry experts on the subject:

National Association of Realtors

“Total housing inventory at the end of November dropped 7.2 percent to 1.67 million existing homes available for sale, and is now 9.7 percent lower than a year ago (1.85 million) and has fallen year-over-year for 30 consecutive months. Unsold inventory is at a 3.4-month supply at the current sales pace, which is down from 4.0 months a year ago.”

Joseph Kirchner, Senior Economist for Realtor.com

“The increases in single-family permits and starts show that builders are planning and starting new construction projects, that’s a good thing because it will help to relieve the shortage of homes on the market.”

Sam Khater, Deputy Chief Economist at CoreLogic

Inventory is tighter than it appears. It’s much lower for entry-level buyers.”

Bottom Line 

If you are thinking of selling, now may be the time. Demand for your house will be strong at a time when there is very little competition. That could lead to a quick sale for a really good price.

If you have any questions about Harris County, the schools, amenities or the surrounding community, don’t hesitate to give me a call at 706-662-0125. I will be happy to help you. I specialize in Harris County and also live here.

To reach me, please call 706-662-0125

Or send us an email to: bunn947@gmail.com 

Thinking of selling your home? Let John take over the marketing of your property.

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