10/14/2020
Real estate is booming. 💥
But there is ONE thing holding it back. 🧐 LOW INVENTORY!!🏡
Since hitting a low point during the initial stages of the pandemic, the only major industry to display immunity to the economic impacts of the coronavirus is the housing market. Housing has experienced a strong V-shaped recovery and is now exceeding pre-pandemic levels. Normally, real estate activity begins to slow down in the late summer, but this year it peaked in July, August and into September. Since the beginning of the COVID pandemic in March, nearly 400,000 fewer homes have been listed compared to last year, leaving a gaping hole in the U.S. housing inventory. The months of supply decreased to 3.3 months…This is the all-time record low months of supply.Buyer demand is still strong heading into the fall. ShowingTime, which tracks the average number of buyer showings on residential properties, just announced that buyer showings are up 61.9% compared to the same time last year. This is the time to sell!! Call/Text or DM me and let's chat📲
