Will Low Inventory Affect Your Home Search?

In Buying a Home by donpetersonnebraska


If you’ve followed the housing market at all this year, you’ve likely heard something about inventory. Inventory refers to the number of homes available for sale. This year, it’s been lower than usual. And, when for-sale inventory is low and buyer demand is high – as it’s been this year – prices rise and sellers hold most of the negotiating power.

In many markets, that has been the story this year. However, according to a new analysis from Trulia, whether or not low inventory will affect a buyer’s home search depends on where that buyer is looking and what kind of home they’re looking to buy. For example, starter homes had the largest drop in inventory last year, falling 10.7 percent.

On the opposite end of the spectrum, the number of high-end homes for sale only fell 3.7 percent. Naturally, that means a first-time buyer looking for an affordable home may have fewer homes to choose from than a luxury home buyer. However, it also depends on where you live.

Here in Fremont, we have averaged 27 sales a month over the past 6 months. With only 57 active listings today, that is an inventory supply for 2 months. A balanced market is closer to 4-6 months of inventory. If you are thinking of selling now is the time!


This advertisement is provided by Jennifer Bixby, the broker for Don Peterson and Associates Real Estate, 100 E. 6th St.  Jennifer can be reached at 402-721-9700 for answers to questions regarding real estate.