If you are holding off selling your property but you do want to relocate. You might want to consider putting your house on the market now. The reason being the home inventory is down because of the following reasons.
- While prices have been rising, sales activity has not followed. In December, only 308 single-family homes were sold, down nearly 9 percent from a year earlier, as inventory dropped.
- There is only six weeks supply of inventory on the market, The supply and demand rule is in motion.
- One of the reasons for a lack of supply is that there is a low inventory of distressed homes on the market.
This along with homeowners, many who have been underwater for the last few years and who plan to sell are waiting for getting the benefit of rising prices.