Tag Archives: Seller Shortage Plagues Many Markets

The low inventory of for-sale homes is creating a seller’s market throughout the country. “Buyers and agents are literally waiting for the next house,” says Rick Turley, president of Coldwell Banker Residential Brokerage for the San Francisco Bay Area. The supply of existing homes for sale reached nearly an eight-year low in January, according to the National Association of REALTORS®. Nationwide, there is a 4.2-month supply of existing homes for sale. A more balanced market with a six-month supply will occur when home prices rise another 20 percent, says John […]