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The big issue around housing today is low inventory. At 0:19 in the video above, you’ll see that it hasn’t always been like this. From 2005 to 2007, national inventory shot up to four million active homes. As you can also see in that chart, we’re down to just 400,000 properties for sale throughout the country today. That’s the lowest inventory we’ve ever seen, and we’ll keep our eye on it.
We were recently working with a couple from Tennessee who were looking for a home in a wide price range across three counties, but there were only eight homes that fit their criteria. What did we do? We went out and found off-market properties. That’s what’s needed to find inventory for homebuyers in this market. It’s about reaching out to other agents, networking, and finding properties without relying on the internet.
High demand for homes remains even though rates have risen, and we’re seeing multiple-offer situations continue. If you have any questions about buying or selling a home, don’t hesitate to reach out via phone or email. We look forward to hearing from you soon.
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©2022 Georgia Multiple Listing Service All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than CENTURY 21 Results may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2022 All rights reserved.
Northeast Georgia Board of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than CENTURY 21 Results may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2022 All rights reserved.