Low Housing Inventory In Southern Ocean County Is Great For Sellers

Dated: 09/07/2018

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Low Housing Inventory in Southern Ocean County is Great for Sellers

We are sure you have noticed the lack of real estate signs right now in the local area.  Why? Homes have been selling faster than in previous years, but we can tell you inventory remains low.  What does that mean for a seller?

Less Competition

Since less homes are on the market, there aren’t as many choices for buyers.  This causes more buyers to see your home.  The more buyers, the better chance of selling your home.

Higher Prices

Since there aren’t as many homes out there for buyers to choose from, we are seeing prices slowly rise.  Buyers are willing to pay more money for a home, when they know there aren’t many other options out there for them.

Quicker Sales

Homes, on an average, are selling faster, because of the low inventory.  Less houses to choose from, so your home can sell faster

Qualified Buyers

There are plenty of qualified buyers out there.  Baby boomers are looking to downsize, while at the same time, Millennials are reaching prime home buying age.  Many buyers are offering larger down payments and some are making offers over asking price.

So, if you are thinking of selling your home, now may be a good time.  

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Nancy from The Muldowney Team Muldowney

The Muldowney Family Team has over 10 years of experience in all types of real estate from adult community to waterfront to condos to single family homes. Our team approach assures you that one of us ....

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