MRED Blog

REinventing MLS . . .

When Will Housing Inventory Stop Falling?

Housing inventory has fallen at a precipitous rate, but could relief finally be approaching? New research from Zillow suggests it just might.

There are currently two universally acknowledged truths about the U.S. housing market – one, that the market on a whole has improved dramatically in the last year, after bottoming in the latter wintry months of 2012; and two, that the housing inventory of for-sale properties has plummeted.

Numerous reasons, from the preponderance of underwater homeowners to patient sellers anticipating greater price increases, have contributed to the decline in housing inventory, and in some housing markets, the decline has been so dramatic as to incite a seller’s market – a phrase that was all but unimaginable a year ago.

Take a minute to read the full article and infographic from Chicago Agent Magazine

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s