Market Competition Remains Unseasonably Strong
With the highly anticipated spring home buying season kicking off next month, there is a record-low number of homes on the market.
And the problem is getting exponentially worse as buyers scramble for places to live—and the inventory of available homes on the market just keeps dropping. Last month, there were just 408,922 homes for sale in the entire country of more than 332 million people, according to the latest Realtor.com® and U.S. Census Bureau data. And with the number of new listings continuing to fall, prices are expected to keep rising to new heights as buyers battle it out for just about any home with a “For Sale” sign out front. Source: Realtor.com