Thinventory OR ? Real Estate Market Predictions for Southeastern WI

By
Real Estate Agent with Keller Williams 414-525-0563 57026-90 Broker

   Thinventory is the term we have coined for a markets with very little inventory.  We have had this graphic created to illustrate this condition.Thinventory  The condition frustrates both listing agents and buyers agents with not many homes to list....and buyers left with few or no choices to upsize, downsize or relocate.  Some "Wanna Be" Sellers cannot be...they have nowhere to go....and for the first time in our memory...that includes Condos that are also scarce...unable to downsize and empty the nest with no where to fly to in thinventory conditions. 

 binoculars   Buyers....whether they are first timers or looking to upsize...are  also experiencing the little or no choices in this condition of the market.

    Members of Active Rain have been asked to gaze into their crystal balls and forecast the 2017 conditions by our wise member from the east coast, Praful Thakkar .  For those member who "get it right" they can consider an alternate or additional career in weather forecasting or psychic readings as a niche to grofortune tellerw their business in the new year. Our market predictions are varied. Currently we see the "luxury entry " thru the "established luxury" continuing to be soft with the most updated and upgraded homes being the ones in this category to garner offers.  It is no longer "enough" to be on the golf course, have lake frontage or access....be in the sought after subdivision...all things bells and whistles must be included to be rewarded with an offer. For some...this can be an upside situation in  a market that no one ever thought would be in that condition. Holding on to the "have to have" price isn't going to produce an offer. 

     We believe we will see a little bit of an uptick in inventory now that the holidays are concluded. Sellers who wisely got their homes ready to sell...not just mechanically but also in terms of updating, will see willing buyers and few days on the market. 

   We believe that spring will not be the avalanche of homes hitting the market that we have usually seen in years past...but despite what we preach about less inventory, better prices....there will be those people who wait for warmer temperatures to warm the market with their for sale signs.  Our advice is to call your Realtor of choice or house for saleinterview one now and find out what steps you can take to get your house ready for the market...the interior things that can make all the difference in the appeal of a home to eager buyers. Thinventory will ease slightly.

   Summer will be the healthiest season we can predict at this time with homes selling quickly and Sellers recognizing the opportunity to jump in and get their share of the Buyers that are eager to purchase homes. 

   Our psychic powers at this point in time are clouded well into third and forth quarter and that will have to be another post as the calendar pages roll by and the market decides how it will behave.

    Our advice is if you are thinking of selling...find out what improvements make the most sense for you ....in southeastern Wisconsin...we can assist you with a variety of ideas, suggest contractors and help you put your best house forward to realize the most from your real estate investment. 

   For Buyers....know that having a Buyers agentSearch who is ever watchful of the inventory, is in touch with opportunities for delayed listings not yet on the market and has given you an up to the second search link...like the one you find by clicking here is valuable in your home search.

   Selling...updating...Buying...the Hansons are here for you in all things real estate in Southeastern Wisconsin...we are honored to be of service.
 

 

Posted by

Sally K. & David L. Hanson, ABR, CDPE, CSS, e-Pro,ILHM, REDS


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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Praful Thakkar 01/27/2017 10:36 PM
Topic:
Real Estate Market Trends
Tags:
southeastern wi real estate
real estate market forecast 2017 in southeastern wisconsin

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Ambassador
2,486,447
Ed Silva
RE/MAX Professionals, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

For markets where inventory is tight, sellers will smile and agents scramble to capture the listing side to get something.  Hope you have a great year in 2017

Jan 02, 2017 07:43 AM #1
Rainmaker
2,826,272
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Good morning, Sally and David -- I also don't have a crystal ball but the level of inventory of properties for sale in the higher priced segment in many of the communities in my market have increased as well.  Opportunity can knock for anyone who is realistic - prepared - and ready to act whether they are a buyer or seller and regardless of market segment

We are definitely in the opportunity business.

Jan 02, 2017 07:48 AM #2
Rainmaker
832,899
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Sally & David, I love the word you coined "Thinventory". I am thinking that we are going to see a very similar scenario in Sedona.  It will be interesting to see as the year progresses. 

Jan 02, 2017 07:51 AM #3
Ambassador
3,853,020
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Sally K. & David L. Hanson - love the details for each season in this predictions.

I am sure the sellers will love to be in touch with you for your expert advice to get ready to sell their homes.

I always like your term 'Thinventory' - and I hope Oxford/Webster dictionary adopt it.

Once again, thanks for the entry to the contest - appreciate your support.

Jan 02, 2017 08:34 AM #4
Ambassador
3,583,559
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

I like your predictions and think you have a good insight into what will be happening in your market area. Nice job Sally K. & David L. Hanson.

Jan 02, 2017 10:20 AM #5
Rainmaker
2,302,111
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Well, you guys are braver than I am, given how cloudy my crystal ball is. As for that avalanche of spring listings.... we haven't seen one in three years and I'm not expecting one this year either in our market.

Jan 02, 2017 10:47 AM #6
Ambassador
3,427,059
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Sally and David hope your crystal ball is right about an increase in inventory for the Spring Market.  Without a good Spring Market the rest of the year seems to struggle.

Jan 02, 2017 04:36 PM #7
Rainmaker
1,959,218
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Lyon Real Estate - Sacramento, CA
Put 40 years of experience to work for you

I, too, think our spring market in Sacamento will get off to a slow start for listings. It will be hot hot hot for buyers, but not enough listings to go around. WTH, I'm off to Maui tomorrow because I'm just not ready to go back to Sacramento yet.

I've always wanted to turn into the kind of person I am today, LOL. Sssh, sometimes I have to pinch myself.

Jan 02, 2017 08:56 PM #8
Rainmaker
2,778,888
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo & Home Sale Specialists

Even when the Holidays were in full bloom, we found that buyers were out and about...but no where to go...

Jan 03, 2017 03:21 AM #9
Rainmaker
3,910,505
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I hope home sellers, in your area will read this post and list with you

Jan 03, 2017 06:19 AM #10
Rainmaker
887,661
Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

Hi Sally K. & David L. Hanson .  I love the term "thinventory"... and the accompanying graphic.  

Jan 04, 2017 09:02 AM #11
Rainmaker
3,231,884
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Sally and Daivd

With the thin inventory it's a time to increse our efforts in getting listing.

Good luck and success.

Lou Ludwig

Jan 04, 2017 07:18 PM #12
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Rainmaker
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Sally K. & David L. Hanson

WI Realtors - Luxury - Divorce - Short Sale
For All Things Wisconsin Real Estate...Call the Hansons
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