Low Housing Inventory In Southern Ocean County Is Great For Sellers

Dated: 09/07/2018

Views: 133

Low Housing Inventory in Southern Ocean County is Great for Sellers

We are sure you have noticed the lack of real estate signs right now in the local area.  Why? Homes have been selling faster than in previous years, but we can tell you inventory remains low.  What does that mean for a seller?

Less Competition

Since less homes are on the market, there aren’t as many choices for buyers.  This causes more buyers to see your home.  The more buyers, the better chance of selling your home.

Higher Prices

Since there aren’t as many homes out there for buyers to choose from, we are seeing prices slowly rise.  Buyers are willing to pay more money for a home, when they know there aren’t many other options out there for them.

Quicker Sales

Homes, on an average, are selling faster, because of the low inventory.  Less houses to choose from, so your home can sell faster

Qualified Buyers

There are plenty of qualified buyers out there.  Baby boomers are looking to downsize, while at the same time, Millennials are reaching prime home buying age.  Many buyers are offering larger down payments and some are making offers over asking price.

So, if you are thinking of selling your home, now may be a good time.  

Blog author image

Nancy from The Muldowney Team Muldowney

The Muldowney Family Team has over 10 years of experience in all types of real estate from adult community to waterfront to condos to single family homes. Our team approach assures you that one of us ....

Latest Blog Posts

LBI Real Estate Market Health Report

With the 2018 year coming to a close here are some statistics to help make sense of real estate market activity.  Click on the reports to find charts, graphs and photos that help make sense of

Read More

Single Family Bayfront Sales In The LBI Real Estate Market Over The Past 12 Months

Single Family Bayfront Sales in the LBI Real Estate Market Over the Past 12 MonthsLong Beach Island Real Estate Bayfront Single Family Home Sales Long Beach Island Real EstateThe Long Beach

Read More

Inventory Levels In The Long Beach Island Real Estate Market

Inventory Levels in the Long Beach Island Real Estate MarketActive Listings in the LBI Real Estate Market Long Beach Island Real EstateFor those who read my monthly sales updates in the

Read More

Protect Your Property

Protect your Property Records and Receive email alerts when documents are filed relating to your property. The Ocean County Clerk's Office Property Alert Service is the first step in protecting

Read More