This is the lowest listing inventory I have seen in my 17 years in the business. First, January is generally the lowest listing month of the year. Second, we have had historically low inventories for the past several years. Third, the “spring” market has started later and later over the past few years. It used to get going in late January, “once people got settled after the New Year.” And then really pick up in February and by March it was in full swing. It has been slowly becoming later and later where now things really start getting going in early March and “full swing” is throughout April and May.
I have listings coming in consistently throughout the year, but the prep time of January/February has morphed into February/March. So a great seller’s market. If you are looking to sell, you can really shine in the early spring market!
January 26, 2018
Jeff “City” Block
Team Leader – City Block Team