Low Inventory=Multiple Offers

By
Real Estate Agent

Listing inventory in our area keeps shrinking and it is hard to find a home under $200K. I am currently working with a first time home buyer who is looking for a home within this price range.  Each time we find a home that meet my buyer’s need, there would be multiple offers written for the same property already. Our current housing market is really good for the sellers but frustrating for the buyers.

RMLS™ Inventory Today 02/09/2014

Total Number of Active Listings:

24,952

Total Dollar Volume of Active Listings:

$8,049,313,025

Total Number of Listings Sold (Last 12 Months):

49,819

Total Dollar Volume of Listings Sold (Last 12 Months):

$13,467,947,362

Total Listings in the System:

1,488,072

 

Posted by

Need help with your home sale or home purchase?

Contact your Realtor Wika Hutchinson

Phone: (541) 653-6969 

www.WikaRealEstate.com

wika hutchinson real estate broker

 

Comments (1)

Stanton Homes
Stanton Homes - New Home Builder - Raleigh, NC
Design/Build Custom Home Builder in North Carolina

There's a huge shortage of homes under $200K in our area too!  Demand is huge, and costs just keep rising. 

Feb 26, 2014 07:46 PM