With Christmas just one week from today, the holiday chill has taken a firm grasp on the real estate market. Inventory has dropped all the way down to just 11 homes for sale, and I would expect to see that number drop to single digits by the end of the week. It's worth noting that following the 2016 holiday season, inventory did not start significantly recovering until mid to late February.
Even though options will likely be limited for the next couple of months, the holidays do have the potential to favor opportunistic buyers. Staying vigilant in your search for a home during times when many other buyers are putting theirs on hold increases the likelihood that your offer will be the winning offer. So don't let opportunity pass you by because your discouraged by low inventory. Stay active in your search, and keep writing offers.
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