The Inventory Crunch
Months of Inventory
(based on # of listings on market YTD)
After a record-setting run on Roaring Fork real estate this summer, an inventory shortage is quickly becoming the headline for the Fall. It is truly a seller’s market with homes selling quickly at rising prices. There are over 50% fewer homes on the market at this time than last year. Buyers are struggling to find homes that met their requirements.
With demand remaining high and prices on the rise, it’s an ideal time to list your home. If you’re interested in buying, take solace in the stable, low-interest rates that the Federal Reserve has promised to keep low in 2021. And if you’re wondering what’s going to happen next… we’ll that’s anyone’s guess, but we know that many people are planning to stay through the Fall, so our “off-season” likely won’t be very quiet.
If you would like a data-driving, pricing analysis of your home based on recent sales in the area, please don’t hesitate to reach out.