If you’re like most people, you have been watching the real estate market like a hawk. You may have looked up your home value on Zillow, and even considered what it would look like to sell in this market. But then, fueled by thoughts of “But where would I move?", you stop considering it.
You’re in good company.
Prices are high, competition is fierce, and inventory is super low. Typically when people are ready to move on to the next stage of their life, they sell their homes. On average that happens every 7-10 years. But that’s not what’s going on right now. The pandemic has delayed plans for many of us, and that has resulted in historically low inventory. Six months is considered stable, so it’s definitely a tough market for a buyer.
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