Each morning when realtors check the “Hot Sheet” of daily real estate activity, more houses are coming on the market than are going into contract. As real estate inventory increases, it exerts pressures on the market. Some of the effects of increasing inventory are:
· Homes take longer to sell.
· Slower pace of price increases.
· New construction welcomes broker participation and offers incentives for buyers. Quick delivery discounts, builder financing and discounted options and upgrades increase new construction appeal.
· More inventory eliminates urgency in buyers.
· Indicates over pricing of homes for sale.
· Homes take longer to sell.
· Slower pace of price increases.
· New construction welcomes broker participation and offers incentives for buyers. Quick delivery discounts, builder financing and discounted options and upgrades increase new construction appeal.
· More inventory eliminates urgency in buyers.
· Indicates over pricing of homes for sale.
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