Will Housing Inventory Rise in Southern California in 2018?
Are you planning on buying a home in Southern California in 2018? If so, like many buyers you may be wondering if the housing inventory is going to increase this year or not.
There’s no question that lack of housing inventory in Southern California has been a problem in recent years and caused many buyers to pay more for some homes than what they were worth.The good news is that according to our statistics we feel that housing inventory should increase in 2018 especially when we come to the spring and summer months.
How Fast Will Housing Inventory Come To Market?
Like anyone, we’re excited about seeing more housing inventory come to market but the BIG QUESTION is how fast will demand to pick up and absorb that inventory when it comes to market?
Thankfully, if you’re thinking about buying a home right now but are unsure about what you want, the good news is that it’s perfectly okay to wait because more inventory will come to market.
Even though more home inventory may be coming to market this year we still encourage every buyer to be ready to purchase a home by improving their credit scores (if needed) and saving up to 20% for a down payment. Both factors when combined will make it possible for a buyer to purchase the home they really want.
Should You Sell Your Home Now?
If you’re thinking about selling your home right now, or within the next 6 months, a general “rule of thumb” to remember is that you want to sell your home when there is as little competition from other homes for sale possible.
Before listing your home, you should take steps to get your home ready for sale by cleaning, de-cluttering, repairing, and staging your home for sale so that everything your home offers will stand among other homes for sale and be the one buyers are thinking about.