“While winter may be typically a slow season in real estate, economists predict it isn’t likely to happen this year…Low inventories combined with high demand due to record-low mortgage rates is sending buyers to the market in a flurry.”
“There is no shortage of hopeful, potential buyers, but inventory is historically low.”
“Fewer new sellers coming to market while a greater than usual number of buyers continue to search for a home causes inventory to continue to evaporate.”
“Months’ supply refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace.”
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