The spring has been one of the busiest & most frenetic housing markets I’ve seen, even going back to the boom years. And one of the reasons is the lack of quality inventory for sale.
What does that mean for buyers? If you’re purchasing a home, you should be ready to act quickly when the right property comes on the market, and be ready for multiple offer situations (which are happening very frequently).
For sellers, it means price it right, and the home will sell. If you have a quality product, of course!
For more on the lack of inventory, read our industry trade magazine’s latest blog post: http://chicagoagentmagazine.com/housing-inventory-down-20-percent-from-2011/