The housing market needs more inventory to accommodate the large buyer pool
If you’re planning to buy or sell a home this year, it’s important to understand how quickly the housing market is moving right now. Homes are selling almost twice as fast year over year (2019/2020). We’re in a strong seller’s market as housing inventory is at a record-low, home prices are appreciating, and homeowners have gained tremendous equity in the last year.
If you’re thinking about making a move, now is a great time to sell your Central Oregon home.
- If you’re on the fence about selling your house, now is a great time to take advantage of sky-high demand, low supply, and fierce buyer competition
- With buyer demand rising and historically low inventory for sale, if you’re in a position to move, your house may really stand out from the crowd
- The desirability of the Central Oregon lifestyle and the ability to work from anywhere is facilitating a surge of pandemic migration to the area, booming home prices, low inventory, and Zoom Towns
Two of the hottest topics in real estate right now are mortgage rates and housing inventory, both of which were sitting at record-lows as we started the new year. Low rates are creating a great number of hopeful buyers, but since there aren’t enough homes available for sale, the housing market’s supply and demand are unbalanced and driving prices higher.
Make your move
If you’re thinking of buying or selling, we welcome the opportunity to work with you. We know our local market and we can strategically determine your best move forward. Learn more about how we sell homes here, or simply fill out your info below and we’ll follow up promptly: