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Thinventory

By
Home Inspector with Complete Home Inspections, Inc. TN Lic#050

    It goes without saying, that many areas of the Nation are suffering from a bad case of ’Thinventory’. Nashville, is no exception. Many properties in the price point for first time home buyers are few and far between and when they go on the market, multiple offers is the norm. However; this week there seems to be more optimism in the marketplace as it seems there are more properties available for the Spring selling season. Agents I have been talking to concur. I am anticipating an excellent month as I see the revenue stream generated from what earns the livelihood for the business increasing. I can only hope that the inventory levels are rising in your area of the country as well.

And that my friends, is my affirmation and 2¢’s worth for this morning.

TeamCHI ~ The Complete Home Inspections Team

Our inspection is your protection.

Call 615.661.0297 to schedule

or go online @ chi-tn.com

Posted by

Complete Home Inspections, Brentwood TN 615.661.0297
 

Comments(17)

Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

Hello TeamCHI - Complete Home Inspections, Inc. 

Thinventory is right...makes for frustrated buyers

Apr 04, 2016 07:25 PM
James Dray
Fathom Realty - Bentonville, AR

Good morning Michael.  Multiple offers recently are the norm around here also.  It is an exciting time to be in this business.

Apr 04, 2016 08:11 PM
Norma J. Elkins
Elite Realty Group - Morristown, TN
Realtor - Elkins Home Selling Team

We have the same thing going on here.  Too many buyers and not enough houses!  Makes for happy home sellers though.

Apr 04, 2016 08:25 PM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Even with the reduced inventory, sales seem to be going well in our area, Michael.

Apr 04, 2016 08:58 PM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Michael. Thinventory forces out the fringe performers, not the true professionals. Enjoy your day! 

Apr 04, 2016 09:00 PM
Raymond E. Camp
Ontario, NY

Good morning Michael,

I like the terminology and we just have to be a little more creative.

Make yourself an astonishing day.

Apr 04, 2016 09:13 PM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning TeamCHI - Complete Home Inspections, Inc. ,

Our inventories are rising but being depleted faster than they are rising! 5 offers on a home listed last week, 4 offers on the listing the previous week. Let's see what happens to the 2 I'm listing this week!

Apr 04, 2016 09:48 PM
Roy Kelley
Retired - Gaithersburg, MD

It is a challenge for many first time home buyers to find an affordable home.

Apr 04, 2016 09:57 PM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Makes all of us work a little harder! The upper bracket Montgomery County MD market is different than the DC market though

Apr 04, 2016 10:06 PM
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in Southern RI and beyond

You bet Michael...I was out in the hurricane force snows & winds to show a house to a buyer...buyers stacked up to see it!  We need lower priced inventory here too!

Apr 04, 2016 10:09 PM
Chad McDowell
First Time Home Buyers, Pre-approvals, Fixed Rates - Bothell, WA
FHA and VA Mortgage Loans Snohomish County, WA

Yeah, Nashville has been crazy.  The lower price ranges have been especially brutal and competitive.  Good post...and clever portmanteau.  

Apr 05, 2016 04:32 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Michael we have the reverse problem here in CT.  We have Plentyventory :)

Apr 05, 2016 08:10 AM
Rebecca Gaujot, Realtor®
Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

We have new listings, 4-5, but in different areas/counties. So we still have thinventory.

Apr 05, 2016 09:49 AM
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

A great way of putting it Michael. I see the sellers market too and not changing any time soon.

Apr 05, 2016 11:03 AM
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Michael

The inventory is very thin nationally . . . . and getting thinner.

Good luck and success.

Lou Ludwig

Apr 05, 2016 12:15 PM
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

I love hearing your two cents, Michael. I hope you have a great rest of the week. 

Apr 05, 2016 01:59 PM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

We still have plenty and are not yet in a sellers market. Who knows what the year will bring!

Apr 05, 2016 11:40 PM