A seller’s market is when there is less than six months of inventory on the market. In the Madison area we have been facing a severe shortage of inventory for the last seven (!) years. What are the reasons for these market conditions and why are they persisting?
Perhaps more importantly, what can a good real estate agent do to increase your chances of landing a great property in a multiple bidding situation.
The first reason we’re in a seller’s market is obvious: there is precious little inventory for sale. The question on everybody’s mind however, is why?
Why is there so little inventory?
What are the forces that have caused inventory to dry up to levels not seen in more than a decade? Why is it becoming more and more difficult for…