Homes Flying Off The Market In Record Time Thanks To Low Inventory
According to the Housing Shortage Report from Realtor.com, the United States is currently experiencing the most serious inventory shortage in 20 years. The historically low inventory is driving up home prices across the country. However, that’s not stopping homes from selling like hotcakes.
According to recent data from the National Association of Realtors, homes stayed on the market for an average of 26 days in April—that’s down from 30 in March and the fewest number of days since the Association began tracking the data back in 2011.
If you’ve been thinking about selling your home, now is the time to do it. There’s never been a better time to get top dollar for your home. And if your sale follows the trend, you’re likely to have a “Sold” sign in your front lawn by this time next month.