I am afraid I have bad news for buyers who were hoping for a flood of new listings in 2020. Not only are we not getting a flood of new listings, we are well below what we would normally expect. After 2 full weeks we have seen fewer than 4,000 new listings across all areas & types – down 15% from last year at this time.
This is an unexpected turn for the worse for supply and if it keeps up we are going to see unusually weak supply during the key buying season that kicks off in February. The competition for the listings that do exist will be intense.
Great time to sell your home. If you would like to discuss your options, contact me at 480 888 6708.
