Lowest Inventory in Six Years. According to this post from the National Association of Realtors, we are now seeing the lowest inventory levels we’ve seen since 2005! This is great news for the real estate market! And it isn’t just a nationwide thing, we have seen the same thing happening in our local Indianapolis real estate market.
Why do you care about that? Fewer homes on the market means fewer homes for buyers to choose from. This could help create a sense of urgency and get some buyers off the fence. It could also possibly create a shift in demand (remember supply vs demand?). Hopefully we will see this trend continue!