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Market Update

October 22, 2020 by kwelch Leave a Comment

 Inman news reports the national home inventory has hit a record low. September’s inventory dropped to a 2.7-month supply, according to data released Thursday by the National Association of Realtors.

Tampa Bay is following the National trend and we are seeing a seller’s market with a high buyer demand. We typically see a slow down in home sales towards the end of the year , but this year we are not seeing a slow down at all. 

The bottom line is if you are on the fence about selling , now is an excellent time. You have a lot of factors working in your favor. Low interest rates, low inventory and high demand.

If you are in the market to buy , get pre-approved by a lender, be patient and hire a good realtor . You will need to have a professional full-time realtor watching the market for you 24/7 and hiring a strong negotiator will give you and extra edge. 

 

Check out the complete article from Inman News-

https://www.inman.com/2020/10/22/inventory-hits-record-low/?utm_source=inbriefselect&utm_medium=email&utm_campaign=inbrief&utm_content=822476_textlink_0_20201022

Filed Under: Market Updates Tagged With: #homesforsale#lowinventory#sellersmarket

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Kelli Welch

Kelli Welch

Greater Tampa Bay
Real Estate
(727) 642-2199
Contact Kelli
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