U.S. and Manahawkin Housing Inventory Crunch Continues… List Your Stafford Township House Today!
Every winter, families across the country decide if this will be the year that they sell their current houses and move into their dream homes.
Mortgage rates hovered around 4% for all of 2017 which forced many buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW!
At the same time, however, inventory levels of homes for sale have dropped dramatically as compared to this time last year.
In Manahawkin, total active listings are down 17.2%, available homes in Stafford Twp that listed for sale between 200 and 300K is down by over 12%. The absorption rate is down by 40%! Which means there are not enough homes in the Manahawkin real estate market to satisfy demand. Now is the time to list your home!
Trulia reported that “in Q4 2017, U.S. home inventory decreased by 10.5%. That is the biggest drop we’ve seen since Q2 2013.”
Here is a chart showing the decrease in inventory levels by category:
The largest drop in inventory was in the starter home category which saw a 19% dip in listings.
Demand for your Manahawkin home is very strong right now while your competition (other homes for sale) is at a historically low level. If you are thinking of selling in 2018, now may be the perfect time.
Karl Hess & Keller Williams Shore Properties provides expert real estate services to residential buyers and sellers in Manahawkin and the surrounding communities. Contact us today for more information on Ocean County Real Estate and for professional assistance navigating this complex home market.
As always, thank you for your time and feel free to get in touch if you have any questions. Karl Hess, Keller Williams Shore Properties - #1 Real Estate Office in Ocean County
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