Lack Of Inventory Impacting Home Sales ~ Up Less Than 1% In September

I guess the laws of supply and demand are working in Charlotte - the prices must be rising due to a lack of inventory and a strong demand for housing in your market by new retirees!!

Hi Nina - This is a widespread phenomenon and labratory demonstration of supply and demand, with prices on the way up. What makes it worrisome is that incomes aren't rising at anywhere near the same pace, while rents are rising as well.

Nina inventory is something we have plenty of around here.  Hope yours starts to increase to keep those create sales stats you guys have been having all year.

Hello Nina Hollander and thanks for the update again (Still like that button)  Hope you are having fun.

My area is below sales from last year.

Inventory has been the main reason

Good morning Nina.  We are having trouble keeping inventory between 100-200K.  They go in the sold arena withing one to two weeks. 

Same thing is happening here Nina Hollander , hoping we get an increase in listings after the election

We're following a similar pattern in Sacramento. Just not enough inventory to meet the pent-up demand. And buyers are getting priced out of the market or being forced to reduce their sales price ranges. This is a time to buff up the buyer leads and capture more of the motivated buyers.

Or inventory is low for houses in the low 100s up to 200s. Depending on the election WV real estate may go down or perhaps up...we will see!

Nina alway nice to see what is going onin other markets.  Sales up and inventory falling is the story here too.