Three Reasons There is So Little Inventory for Sale
- People are staying in their homes nearly twice as long as during the previous peak market cycle. The current average home tenure is 8.2 years.
- Boomers aren’t selling. Most are working far longer than previous generations and want the benefits of living close to work and play.
- New construction isn’t meeting demand. The shortage of skilled labor, and the high cost on both land and materials puts new construction out of reach for many buyers.
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© Copyright 2018. Information and statistics derived from Northwest Multiple Listing Service.