It’s a tough market out there right now, though there are some very good signs on the horizon.
The best sign I’ve seen is the drastic reduction in the supply of available housing that happened in December. The National Association of Realtors tells us that the supply number dropped from 11.2 to 9.3 in one month. (This means that two full months of housing supply was consumed in December alone.) Here is the info:
You’ll also notice that the supply of available housing has dropped quite significantly (17%) as compared to this time last year, so there are some positive signs, to be sure.
However, it’s certainly still a buyer’s market. And that can make it tough to convince buyers that they should purchase your property.
So maybe, a bit of creativity is in order. Do you have any creative ways to motivate buyers to take action right now, rather than in the future? If so, sound off below!
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