Inventory is Down: Inventory is very low in many price ranges and neighborhoods.
When inventory is low, a number of things happen: 1) prices rise due to demand and 2) sellers receive multiple offers due to lack of inventory.
A lot of sellers may want to wait until the spring because they believe their home will sell for more money than in the winter. Though we have a lack of inventory now, there is no guarantee that will be the case in the spring. If more homes make their way into the market, then the competition could drive prices down so there is no guarantee that spring is the best time to sell.
If you’re think of listing your home, or buying this year, contact an experienced Dickson agent. Our agents have the training and expertise to make your transaction as smooth and problem free as possible.
Additional Resources:
- Market Conditions
- Selling Your Home
- What’s My Home Worth?
- Short Sale Resources
- Bank Owned Resources
- Additional Resources
