Inventory is Up, What Does that Mean for The Housing Market

What does more listings on the market mean when you are trying to sell your house? Hi, I am Krista Mashore with eXp Realty and The Mashore Group. Last year we saw a huge decline in inventory with most homeowners sitting on the fence and not selling largely due to the high mortgage rates. However, now that there has been an influx of inventory in the marketplace, as a seller are you still at an advantage? The answer is primarily Yes. According to the latest data from new listings are trending up. More homeowners are putting a forsale sign in their yard compared to the same time last year. Newly listed homes are up 15.5% above last year levels. And, although this is good news for buyers to have more options to choose from, sellers are still in a good place as home prices continue to rise too. We are not seeing many price reductions in certain areas which means there is enough supply and demand to keep home prices up and buyers happy with choices. So if you are considering selling even though there are more listings on the market now is still a good time to sell as we are seeing a nice balance with supply and demand. If you would like more information on the current inventory in your local area, home prices, and days on market, please reach out to us today. In 2018 Krista Mashore sold over 22 Million dollars worth of Real Estate and is named in the Wall Street Journal within the Top 100 Agents Nationwide. Please see the article at The Wall Street Journal. To see Krista's local recognition check out this link featured in the Brentwood Press Kristas expertise and professionalism is revealed not only in the 14 years in Real Estate but also by being within the top 1% of all Realtors in Contra Costa County continuously since 2002. Krista posses a Master's Degree in Education, previously employed as a School Teacher. Her excellence derives from her outstanding communication, skills, expertise in marketing, and her optimistic attitude towards life in general. Pristine Customer Service to her clients is a top priority. Krista has a natural ability for developing trust by her client base.

Her attitude is characterized her slogan: "When You Do What You Love, People Love What You Do."