02/18/2022
If you even remotely follow the housing market, you've probably heard that inventory is low. Well, it's REALLY LOW.
For example, in January 2019, there were 5,141 homes for sale in the Triad in ALL price points.
January 2020: 4,493
January 2021: 2,355
January 2022: 1,593
Today: 1,159
So what does this mean? Basically, if you're selling your house, you're golden. You'll more than likely make a substantial profit and have TONS of people fighting for your home. Congratulations!
But if you're BUYING, you don't have much to choose from. You're probably not going to find the perfect house (unless you have a VERY healthy budget). You'll need to be patient. You need to come in strong. You need to be prepared for bidding wars (I know, I know, everyone hates this). You're going to spend more than you would have for the same house a year ago. Heck, even a few months ago. You need someone in your corner working for you, guiding you, and getting you into the home you deserve. Interest rates are only going up, so if you NEED to buy, now is the time to do it. Will it be easy? Probably not. Does it have to be painful? No. Will it be worth it? YES.
Need some advice? Have questions? I'm here for you!👋
