We are calling it, the Spring market is officially here!
From multiple offers on our properties to open house traffic that requires a bouncer, we are ready to go!
Currently, one of the biggest challenges we are seeing is a low inventory of homes that fit our buyer's specific needs. Champaign County currently has a 4.1 month supply of homes and I'd expect this to get even tighter as we move through Spring. A balanced market has 5-6 months of supply so we are clearly in favor of the sellers so far this year.
New listings in March were lower than last year's by almost 9% (322 new listings this past month vs 352 in 2018.) That number will continue to increase but the demand from buyers should match it. If that is the case, home-buyers will have a very competitive market this year; but low interest rates and solid home values will definitely make it worth it!
Can you help? Check out the following list of our buyer clients.
Do you know of a house that will be available this year that could be a fit?
If you are interested in checking the value of your home: start with this free online evaluation tool:
or contact us today to set-up a free market value report -personalized to your home!
