One of the top reasons today’s homeowners are holding off on selling is this: fear of not finding another place to move into due to low inventory levels. And one of the reasons we have low inventory levels in Greater Boston is because homeowners are skittish about selling. There you have it. Chicken and the egg. Listings and inventory.
The question for today’s homeowners isn’t about which came first, but how to crack open this puzzle and break the cycle.
According to this Forbes article, What to Expect from Housing in the Second Half Of 2013, “The abnormally tight inventory levels fueling the return of such frothy buyer practices as bidding wars and contingency-free offers will slowly begin to ease.”
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It also states that new construction will be key as more homebuilders continue to gain confidence, and there will be more construction in places where there’s strong housing demand.
Strong housing demand in Greater Boston and Arlington? Check.
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Real estate professionals are out and about at open houses, showings, and talking to clients and business partners about the market every day. Living and breathing real estate gives us an insider's view into the hyper-local market – the pipeline of available homes, who the potential buyers and sellers are, and what's coming on the market next.
Yes, the market is low on inventory – right now. But there are always opportunities cooking. We’re saying that this is not the time to chicken out of the housing market. Homeowners who are considering listing their homes have plenty of opportunity to land sunny side up when it comes to buying on the flip side.
Steve McKenna
http://blog.yourhomeforsale.com
