Shrinking Inventory: What Does It Mean For Sellers?

Shrinking inventory in the Kansas City metro does not mean that the end is near!

JamesSellsKC

Over the past few months, the Kansas City metro has seen shrinking inventory in most areas. We have also seen sales up anywhere from 10-20% from the previous year (depending on the area). So what does this mean for home sellers?

There is a definite shift going on right now in our local market. Inventory of new & existing homes is at a level we haven’t seen for quite some time. This means that if you are thinking about selling your home right now and you are realistic about your price, now is as good a time as any to list your house. With fewer homes on the market and home sales continuing to pick up, your competition is going to be lower, while the buyer demand still exists. Inventory rates indicate that this is no longer a buyers market. Take a look at inventory numbers over the past year…

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