February Market Update 2022
For most zip codes surrounding Holland, this past month we saw inventory drop even lower, days on market decrease and median sales price increase this year compared to last year.
We’ve talked about it before, but there continue to be a surplus of buyers and a shortage of homes on the market creating the perfect storm for sellers to get the best terms and price when they go to sell.
With new listings continuing to drop further, the increase in options for buyers we have been hoping for hasn’t happened yet. For those who are thinking of upsizing, downsizing or making a move to another area or a home that better fits current needs, now is a great time to leverage the low-inventory market.
I’m curious-when do you think we will start to see more inventory and a shift away from the seller’s market we’ve been experiencing for so long?