• Skip to main navigation
  • Skip to content
  • Skip to primary sidebar
  • Skip to footer

Realty Solutions Group

Service Beyond Expectations

SearchClose

Adams County Housing Inventory Vanishing: What Does This Mean to You?

Adams County Housing Inventory Disappearing: How Does This Affect You?

The Adams County real estate market is anticipated to do very nicely this year as mortgage rates remain at historic lows. One challenge to the housing industry is the lack of properties out there on the market. Last week, move.com launched a report showing that 2020 is beginning with the least accessible housing inventory in two years. The report explains:

“Last month saw the largest the most important the biggest year-over-year decline of housing inventory in virtually three years with a dramatic 12 percent decline, pushing the number of properties on the market in the U.S. to the lowest degree since January 2018.”

Adams County Housing Inventory Disappearing: What Does This Mean to You?

The report additionally revealed that the decline in inventory stretches throughout all price points, as proven within the following graph:George Ratiu, Senior Economist at realtor.com, explains how this drop in obtainable houses for sale comes at a time when extra consumers are expected to enter the market:

“The market is scuffling with a large housing undersupply simply as 4.8 million millennials are reaching 30-years of age in 2020, a prime age for a lot of to buy their first home. The significant inventory drop…is a harbinger of the persevering with imbalance anticipated to plague this year’s markets, because the variety of homes for sale are poised to achieve historically low ranges.”

The question is: What does this mean to you?

If You’re a Adams County Home Purchaser…

Be patient during your own home search. It may take time to find a dwelling you like. Once you do, however, be ready to maneuver forward quickly. Get pre-approved for a mortgage, be ready to make a competitive offer from the start, and understand that a} scarcity in inventory could lead to the resurgence of bidding wars. Calculate just how far you’re willing to go to secure a house, in the event you really find it irresistible.

If You’re a Adams County Home Seller…

Realize that, in some ways, you’re within the driver’s seat. When there is a shortage of an item at the identical time there’s a sturdy demand for that item, the vendor of that item is in a good position to negotiate. Whether or not it’s worth, shifting date, potential repairs, or anything, you’ll be able to demand more from a potential purchaser at a time like this – particularly when you have a number of buyers. Don’t be unreasonable, but perceive you in all probability have the higher hand.

Bottom Line

The Adams County housing market will stay robust all through 2020. Understand what that means to you, whether or not you’re buying, selling, or doing both.

Table of Contents

    • If You’re a Adams County Home Purchaser…
    • If You’re a Adams County Home Seller…
  • Bottom Line

Post navigation

« In Wood County, There’s a Long Line of Home Buyers Waiting for Your Home!
Ashland County Housing Inventory Disappearing: What Is the Impact on You? »
Search for:

Recent Posts

  • Bright Days Are Ahead When You Move Up This Summer [INFOGRAPHIC] May 27, 2022
  • Why Summer Is a Great Time To Buy a Vacation Home May 26, 2022
  • How Buying or Selling a Home Benefits the Economy and Your Community May 25, 2022
  • Sellers Have an Opportunity with Today’s Home Prices May 24, 2022
  • Sellers Have an Opportunity as Home Prices Re-Accelerate May 24, 2022

Recent Comments

    Archives

    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • March 2021
    • February 2021
    • January 2021
    • March 2020
    • February 2020
    • January 2020
    • December 2019
    • November 2019
    • October 2019
    • September 2019
    • August 2019
    • March 2019
    • February 2019
    • January 2019
    • December 2018
    • November 2018
    • October 2018
    • July 2018
    • June 2018
    • May 2018
    • April 2018
    • March 2018
    • February 2018
    • January 2018
    • December 2017
    • November 2017
    • October 2017
    • September 2017
    • August 2017
    • July 2017
    • June 2017
    • May 2017
    • April 2017
    • March 2017
    • February 2017
    • January 2017
    • December 2016
    • February 2016
    • 0

    Categories

    • Baby Boomers
    • Buying Myths
    • Demographics
    • Distressed Properties
    • Down Payments
    • First Time Home Buyers
    • For Buyers
    • For Sellers
    • Foreclosures
    • FSBOs
    • Gen Z
    • Generation X
    • Holidays
    • Housing Market Updates
    • Infographics
    • Interest Rates
    • Luxury Market
    • Millennials
    • Move-Up Buyers
    • New Construction
    • Pricing
    • Rent vs. Buy
    • Selling Myths
    • Senior Market
    • Short Sales
    • Time-sensitive
    • Uncategorized

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    Search for:

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    Go to mobile version