Inventory Levels are Steady, Yet Competitive

Facebooktwitterredditpinterestlinkedinmailby feather

The inventory troubles that held up the real estate market earlier this year subsided with the peak buying season of spring and summer. Though a lot of housing inventory was purchased during the season, sellers are continuing to list their homes for sale.

QN Inventory

What does this mean for buyers and sellers? Prices will continue to increase but at a slower pace. This also means unlike the beginning of the year, there won’t be as much competition for each house on the market, and buyers will more likely find a house in fewer days. Overall, supply and demand will start to even off and so will prices.

QN Distressed Properties

While inventory levels seen above show a drastic drop, much of that is due to a decreased level of distressed inventory. Distressed inventory comes to market as short sales and foreclosure, and the dips in distressed inventory levels seen above indicate the overall health of the real estate market.

Categories: Uncategorized

Leave a Reply

Your email address will not be published.

Rates and fees are subject to adjustments based on your credit score and the loan-to-value ratio. Rates and fees are also subject to change without notice. Other rates and loan programs are available.
All applications are subject to current underwriting guidelines and credit approval. EHL NMLS#280412

  • Heritage Title Services, Inc.
  • The Realty Alliance
  • Wisconsin Mortgage Corporation
  • Leading Real Estate Companies of the World
  • Luxury Portfolio International
  • Shorewest Financial Associates LLC
  • My Dwelling Metro Milwaukee
  • HSA Home Warranty - Because Service Matters