NEED SOME INVENTORY!

We always focus on inventory in Real Estate Industry but in 2023 the need for listings is the highest I can remember. The Firm and agents that control the inventory, control the market. Buyers are plentiful but Sellers are holding back. But I have to say if you want to sell your residential property in the next few years, right now is the time to do it. Not in June, not in the Fall – I mean today. This is the word we need to get out to our potential sellers.
The Steadily rising interest rates, the out of control inflation, and the war in Ukraine are all factors that will create a deflation in the real estate and building sector of our economy. Sooner or later the real estate business will slow and prices will fall. If a Seller lists today they will still get the advantage of the appreciated value of residential homes in Hampton Roads and the lower interest rates. If a Seller Waits, they may see lowering sale prices and high interest rates – the double whammy in our business! Act now-work your sphere-and take more listings!