The February numbers are not in yet, but the January numbers for this year's housing market were sensational. According to the Chief Economist for the National Association of Realtors, Lawrence Yun, "Much of the country saw robust sales activity last month as a strong hiring and improvised consumer confidence at the end of last year appear to have sparked considerable interest in buying a home. Market challenges remain, but the housing market is off to a prosperous start as homebuyers stayed off inventory levels that are far from adequate..."
Also, CBN says that consumer confidence in the economy has been fueling the market: "U.S. home resales surged to a 10-year high in January as buyers shrugged off higher prices and mortgage rates, a sign of growing confidence in the economy."
The only challenge to the market is the lack of inventory. There has been a 7.1% decrease in supply from the same time last year, meaning the demand for your home is high! With demand increasing and supply dropping in Greenwood Real Estate, now could be the perfect time to get the best price for your home. Let's get together to discuss the inventory levels in your neighborhood and to determine your next steps. Contact us at (864)341-7774 or email@example.com.