Does housing inventory correlate with price?
September 23, 2013 4:37 PM Subscribe
In US metro areas, housing inventory shows seasonal patterns, with the inventory greatest in the middle of the year and lowest in the winter. Does lower inventory help, or hurt, a seller's ability to get their asking price for a house they are selling?
posted by StrawberryPie to work & money (8 answers total)
I'm helping a parent sell house in a significant metro area in the western USA. There is no immediate need to sell, but selling in the next 12 months would be best. Inventory trends are such that house inventory seems to be lowest in the late fall/winter months. However, what I can't figure out is whether the price is similarly affected. Does the lower inventory mean that the sellers that are on the market stand a better chance of getting the price they want? Or is it the opposite, with fewer buyers forcing sellers to lower their prices? Or is irrelevant?
This is feels like a really basic question, so if someone can point me to reputable resources for newbie sellers, I'd appreciate that too.