Where has the inventory gone? That’s the question everyone’s asking.
Buyers are out in full force because interest rates are once again at an all-time low. It’s a wonderful time to buy, houses are selling quickly, and we’re seeing multiple-offer situations again.
Inventory is particularly low in certain price points. In Tracy, for example, there are only a handful of houses available in the $400,000 to $800,000 range.
While this is happening, builder confidence is skyrocketing. They’re building as fast as possible to keep up with demand. When interest rates were creeping up toward 5%, the market slowed down a little bit, but once they dropped again, demand rose. Consumer confidence is high at the moment, and people are anxious to buy.
If you’re thinking about selling your home, now’s a great time to take advantage of this trend and get top dollar for it. When the market gives you a gift like this, you take it.
We’d love to help you take advantage of this situation, so if you’re ready to put your home on the market or have any real estate questions at all, don’t hesitate to reach out to us. We look forward to hearing from you.